||Location subject to the free market forces of supply
||Behavior of individual business. Decisions
are made with limited information. Sub-optimal location choice.
||External factors such as values and institutions.
Mergers and acquisitions.
||Related to the export industries of a region.
||Specific location factors. Agglomerations of
economic activity. Regional characteristics.
||Upward spiral where success breeds success
(lack of success can lead to a downward spiral).
||Regional functions. Relationships between core
regions and peripheral ones.
||Focus on networks, entrepreneurship, innovation,
co-operation, flexible production and specialization.
||Importance of the cultural and institutions
(synergies among local actors which give rise to fast innovation
||Competition between locations subject to factors
related to labor, energy, resources, capital as well as proximity