1. – Professor, Department Of Economics, Punjab University, Chandigarh
| Received
04-Sep-2020 |
Accepted
- |
Published
04-Sep-2020 |
Abstract
Industrial clusters and districts
have been recognized as key
drivers of advanced growth. The
existing literature perhaps focuses
more on Marshallian industrial
organization in which how
small firms define the dynamic
organization form is important.
The present paper argues that a
Keynesian growth perspective
should dominate in which new investments
and growth manifested
in narrow specializations promote
the dynamism of small firms
that underpins large-small firm
nexus. The policy focus is on enriching
the manufacturing as an
engine of growth. Growth promotes
the dynamism of small-large
firm nexus which in turn reinforces
growth. The focus is on the
proper industrialization that advances
the endogenous evolution
of the dynamism of small firm that
sustains learning by doing to innovate.1-22
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