1.4 Summary

The small extract from Gibbons et al and the Ostrom reading have been used to develop views of the institutional level of analysis. Gibbons et al provides a view of a new emerging institutional framework for innovation and competitiveness, and a new paradigm that privileges knowledge and its management in the economies of the twenty first century. Ostrom’s approach links with the major themes of sustainability, privatisation, regulation, and self-governance. It has also provided a sound basis for reflecting on research processes and research design in preparation for study of units 4 and 5.

1.3 Institutions and collective action

2 Clusters and supply chains