“Companies cannot employ advanced. . .”

The sophistication with which companies compete in a particular location is strongly influenced by the quality of the local business environment. Companies cannot employ advanced logistical techniques, without a high-quality transportation infrastructure. Nor can companies effectively compete on sophisticated service without well-educated employees. . . the more decisive aspects of the business environment are often cluster specific; these constitute some of the most important microeconomic foundations for competition.

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“Companies cannot employ advanced. . .”

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