The Basque Country/Regional Strategy (MOC, Tuesday, Week 6)

Sources of prosperity:
-- Endowments: location, ports, iron ore
-- "Autonomy"
-- Stable legal system, open to trade, good infrastructure
-- SMALL (~2M people)
-- Consistent regional strategy => did not change course every four years based on election cycle, etc.

Sectoral plans vs. cluster plans
-- Businesses will pay attention to sectoral plans, but only to get government money
-- Need biz leaders to organize cluster initiatives themselves => lots of benefit lies in fostering collaboration between cluster's firms

I still don't understand why biotech and nanotech and cleantech make sense for the Basque Country of the 21st century --- seems like wishful thinking, not logical outgrowth of endowments and existing institutions

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