Lange said it meant universities were forming firms, governments were acting as venture capitalist and industry was raising training of employees to higher levels.

The global economy is built on apparently ever-increasing mobility of people, capital and knowledge. Not everywhere, however, is equally attractive for these assets, creating clusters that attract international inflows and areas reliant on their own resources. This process is undergoing changes with Greece’s potential exit from the eurozone (see two nice $$ pieces by news…

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