Economic competition, though often framed as between nations, is truly between communities, whether they are across a river, the country, or the Pacific Ocean.
BusinessWeek has a great new piece exploring this idea and highlighting the concept by comparing Boston and Cambridge, MA and other areas such as Portland, OR and Montreal.
“‘The paradox of globalization is that location still matters,’ says Harvard Business School competitiveness guru Michael E. Porter. ‘The more barriers disappear, the more that capital and talent become mobile, the more decisive become geographic advantages.’ Areas most punished by globalization, he notes, are those whose geographic advantages have ebbed, such as Detroit’s proximity to the Great Lakes.”
(posted by David)
