Industrial Districts, Alfred Marshall, Industrial Organisation
Publishing Company "Business Perspectives"
Problems and Perspectives in Management, 4/2004, p. 49-62
Marshall pointed out that a specific form of industrial organisation (industrial districts) increased the wealth of some regions in England and Germany, and connected it with the accumulation of capital and investment, social capital, externalities and increasing returns. In his view, industrial location was closely linked to demography, local governments, freedom and social institutions. He recognised that districts were a main territorial framework for knowledge-based economic growth.