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Regional benchmarking in a global context: knowledge, competitivenessand economic development

Huggins, Robert ORCID: and Izushi, Hiro 2009. Regional benchmarking in a global context: knowledge, competitivenessand economic development. Economic Development Quarterly 23 (4) , pp. 275-298. 10.1177/0891242409347896

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Benchmarking exercises have become increasingly popular within the sphere of regional policy making. However, most exercises are restricted to comparing regions within a particular continental bloc or nation.This article introduces the World Knowledge Competitiveness Index (WKCI), which is one of the very few benchmarking exercises established to compare regions across continents.The article discusses the formulation of the WKCI and analyzes the results of the most recent editions.The results suggest that there are significant variations in the knowledge-based regional economic development models at work across the globe. Further analysis also indicates that Silicon Valley, as the highest ranked WKCI region, holds a unique economic position among the globe’s leading regions. However, significant changes in the sources of regional competitiveness are evolving as a result of the emergence of new regional hot spots in Asia. It is concluded that benchmarking is imperative to the learning process of regional policy making.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Geography and Planning (GEOPL)
Subjects: H Social Sciences > HT Communities. Classes. Races
Uncontrolled Keywords: benchmarking; regions; knowledge; competitiveness; economic development; global economy
Publisher: Sage
ISSN: 0891-2424
Last Modified: 18 Oct 2022 14:01

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