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dc.contributor.advisorMoffit, Timothy E.
dc.contributor.advisorBreznau, Thomas C.
dc.contributor.authorLatham, John H.
dc.descriptioniv, 51 p.en_US
dc.description.abstractWith recent changes in technology and communication, the economy has become global. Many economists, having noticed the changes in the scope of the economy, have begun to study and document these changes. My experience and my research of the global economy points to one vehicle for a successful economy - the use clusters. Having spent almost an entire year studying and thinking about clusters, I have come to some of the same conclusions that many cluster based economists have. Based on the premise that the economy is becoming increasingly global, local stability and integration are not just important, they are essential. This is because clusters, no matter where they are located geographically, play an important role in balancing the economy. The health of each local economy contributes to the stability of the global economy. This essay will analyze how important these local matters are in determining the health of the global economy. I will give a case study of my experience in Kalamazoo with Regional EDGE. This up-close analysis will show the method for establishing a healthy cluster economy. The essay will further cite some observations from global and cluster economists.en_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.relation.ispartofseriesSenior Individualized Projects. Economics and Business.;
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleCluster Based Economic Development: Prospering in a Global Economyen_US
KCollege.Access.ContactIf you are not a current Kalamazoo College student, faculty, or staff member, email to request access to this thesis.

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  • Economics and Business Senior Integrated Projects [1198]
    This collection includes Senior Integrated Projects (SIP's) completed in the Economics and Business Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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