Regional evolution and waves of growth:a knowledge-based perspective


The evolution of a regional economy and its competitiveness capacity may involve multiple independent trajectories, through which different sets of resources and capabilities evolve together. However, there is a dearth of evidence concerning how these trends are occurring across the globe. This paper seeks to present evidence in relation to the recent development of the globe’s most productive regions from the viewpoint of their growth trajectories, and the particular form of growth they are experiencing. The aim is to uncover the underlying structure of the changes in knowledge-based resources, capabilities and outputs across regions, and offer an analysis of these regions according to an uncovered set of key trends. The analysis identifies three key trends by which the economic evolution and growth patterns of these regions are differentiated—namely the Fifth Wave Growth, the Third & Fourth Wave Growth, and Government-led Third Wave Growth. Overall, spectacular knowledge-based growth of leading Chinese regions is evident, highlighting a continued shift of knowledge-based resources to Asia. In addition, a superstructure is observed at the global scale, consisting of two separate continuums that explicitly distinguish Chinese regions from the rest in terms of regional growth trajectories.

Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School
Additional Information: Copyright The Authors, 2013. All Rights Reserved. No reproduction, copy or transmission may be made without written permission from the individual authors.
Event Title: 6th Knowledge Cities World Summit
Event Type: Other
Event Dates: 2013-09-09 - 2013-09-12
Uncontrolled Keywords: competitiveness ,knowledge-based view,regional economic development,innovation
ISBN: 978-9944-380-11-9
PURE Output Type: Conference contribution
Published Date: 2013
Authors: Huggins, Robert
Izushi, Hiro (ORCID Profile 0000-0002-4090-4181)
Prokop, Daniel
Thompson, Piers



Version: Published Version

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