Business, Management and Accounting
8 years ago

Industry convergence boosts competitiveness and upgrades value chain in clusters.

Effective Path of the Value Chain's Upgrading of Industry Clusters: Industry Convergence
Wen Wang

Paper Summary

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The article discusses how industries are blending together due to new technologies and business mergers, creating a new type of industrial system. This convergence helps industrial clusters become more innovative and competitive, leading to higher-value industries and better industrial structures. Overall, industry convergence is beneficial for improving industrial competitiveness and upgrading the value chain of industrial clusters.