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The Associational EconomyFirms, Regions, and Innovation$
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Philip Cooke and Kevin Morgan

Print publication date: 1998

Print ISBN-13: 9780198290186

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198290186.001.0001

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Wales: Innovating through Global–Local Interaction

Wales: Innovating through Global–Local Interaction

(p.134) 6 Wales: Innovating through Global–Local Interaction
The Associational Economy

Philip Cooke

Kevin Morgan

Oxford University Press

This chapter explores the possibilities for innovation in the context of a region — Wales — which is dominated by the branch plants of large multinational firms. The evolution of institutional capacity in Wales is significant when compared to the English regions. Whatever its limitations, this embryonic state apparatus has enabled Wales to pursue a more robust economic strategy than its regional counterparts in England. In fact, Wales can be considered something of a regional laboratory in economic development terms in the sense that it has developed a number of institutions and a policy repertoire which simply have no equivalent in the English regions. This can be called a ‘regional innovation system’ in the making and the main aim of this chapter is to examine the developmental potential of this system.

Keywords:   innovation, Wales, multinational firms, regional innovation system, economic strategy, England

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