From Growth Poles and Clusters to Business Ecosystems Dynamics: The ILDI Counterproposal

International Journal of World Policy and Development Studies. Vol. 6, No. 7, pp. 136-152.

12 Pages Posted: 5 Feb 2021

See all articles by Charis Vlados

Charis Vlados

Democritus University of Thrace, Department of Economics

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics

Date Written: November 27, 2020

Abstract

The study of spatial socio-economic development constitutes a significant field of analysis of innovation creation and diffusion. Understanding the spatial evolution of the different socio-economic systems in the age of globalization requires a synthesizing and integrated theoretical approach to how innovation is generated and replicated. This article aims to study three significant spatial socio-economic development theories –the growth poles, the clusters, and the business ecosystems. A literature review reveals that (a) the concept of growth poles concerns mostly the analysis of spatial polarization between specific territories and regions, (b) the clusters concept addresses the issue of developed inter-industrial competition and co-operation from a meso-level perspective, and (c) the analytical field of business ecosystems provides an evolutionary approach that can be valorized for all co-evolving spatial socio-economic organizations. In this context, an eclectically interventional mechanism to strengthen innovation is suggested. The Institutes of Local Development and Innovation (ILDI) policy is proposed for all firms and business ecosystems, of every size, level of spatial development, prior knowledge, specialization, and competitive ability. The ILDI is presented as an intermediate organization capable of diagnosing and enhancing the firm’s physiology in structural Stra.Tech.Man terms (strategy-technology-management synthesis).

Keywords: Spatial Socio-Economic Development, Business Ecosystems, Clusters, Growth Poles, Institutes of Local Development and Innovation (ILDI), Stra Tech Man Physiology

Suggested Citation

Vlados, Charis and Chatzinikolaou, Dimos, From Growth Poles and Clusters to Business Ecosystems Dynamics: The ILDI Counterproposal (November 27, 2020). International Journal of World Policy and Development Studies. Vol. 6, No. 7, pp. 136-152., Available at SSRN: https://ssrn.com/abstract=3738954

Charis Vlados (Contact Author)

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

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