Third IRE Stratford Innovation and Social Capital Why Geography Matters

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Third IRE - StratfordInnovation and Social
CapitalWhy Geography Matters

• Kevin Morgan
• Cardiff University
• Wales, UK

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Death of Distance?

• Globalisation
• Deregulation
• Digitalisation
• Tradability
• Codification

Kevin Morgan Cardiff University,Wales, UK
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Why Geography Matters

• Knowledge
• Understanding
• Politics
• Social Capital

Kevin Morgan Cardiff University,Wales, UK
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Social Capital

• A relational infrastructure
• Voice / Exit
• Trust / Opportunism

Kevin Morgan Cardiff University,Wales, UK
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Social / Physical Capital

• Does not wear out with use
• Not easy to measure
• Hard to construct
• Institutions matter

Kevin Morgan Cardiff University,Wales, UK
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EU Regional Policy

• Old style
• Infrastructure
• Growth
• Opening roads
• New style
• Innovation
• Sustainable development
• Opening minds
• Intangible Assets
• Knowledge transfer

Kevin Morgan Cardiff University,Wales, UK