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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1395 |
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This plays into Porter’s definition of clusters as being a specific field of interconnected companies supporting each other in one geographic location.
China’s Clusters
China is emerging as the most competitive manufacturing platform in the world, ambitiously aiming to saturate the global market with low-priced products (Wu et al...
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China enjoys a dominant low-cost competitive advantage, abundant labor resources, and ability to quickly expand production capacity (Wu et al., 2006). China is able to achieve this competitive advantage through cluster design.
Foreign visitors to China are often surprised to find hundreds of factories producing the same type of merchandise in a single township along the east coast (Wu et al...
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