Traditional industrial districts in the face of globalization: the case of the Marche footwear district
Eleonora Cutrini (),
Giacinto Micucci () and
Pasqualino Montanaro ()
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Giacinto Micucci: Bank of Italy
Pasqualino Montanaro: Bank of Italy
No 150, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area
This paper studies the case of the Marche footwear districts. Statistical evidence and interviews with entrepreneurs suggest that the traditional inter-firm relationships within these districts have significantly changed during the past decade. Some leading firms have been building up more exclusive relations with their suppliers, including those abroad, along ï¿½buyer-drivenï¿½ value chains. Moreover, firms have been adopting different strategies, following two main paths: the first is a ï¿½focusing-on-qualityï¿½ strategy, based on upgrading the quality of the goods and investing in brands, R&D and specific distribution channels; the second is a ï¿½focusing-on-costsï¿½ strategy, which aims at minimizing the production costs of a medium-quality range of goods, including outsourcing abroad. This study shows that firms which focused on quality did better than others, both in the years before the crisis of 2008-09 and during the recession.
Keywords: global value chain; industrial districts; internationalization; footwear industry; firmsï¿½ organization and strategies (search for similar items in EconPapers)
JEL-codes: L23 L25 L67 R11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-hme and nep-sbm
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Journal Article: Traditional Industrial Districts in the Face of Globalization: The Case of the Marche Footwear District (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_150_13
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