Strategic Ideas and Principles for Global Competion

Effective strategy must be set in the global context
Regions are more competitive in scale and assets than cities or nations
The engines of prosperity for regions are “economic clusters,” networks of inter-connected industries that strengthen each other and represent value-added products and services.
The key to effective regional strategy is advancement of regional clusters that produce globally traded goods and services, which in turn, provide a flow of money and talent into the region.
The overall goal of regional strategy is to create “virtuous cycles” that connect economic clusters, education, culture, health, environment, and civic infrastructure.
Sustainable prosperity comes from a local culture of innovation and entrepreneurship, not from short-term gains in recruiting companies.

Sagamore Institute