Question
What does it take to grow an industrial cluster from scratch? What are the main impediments that must be overcome? Does the government have a
What does it take to grow an industrial cluster from scratch? What are the main impediments that must be overcome? Does the government have a role to play, or not? Again, answer by reference not only to the Jamaican music business but also other examples.
Student must explain how the growth of an industrial cluster comes through the following
(including but not limited to) five factors while stating examples of such using Jamaica or any other ex ample that they may be aware of 10 MARKS
collaboration and availability of shared resources
investment
Disruption and Innovation
Close proximity to resources
Collaboration with Government
Student must state 5 of the following impediments. Offer a valid reason for each 10 MARKS
Lack of sophistication of human resources
Competing products and services from overseas
Underpricing of labour
Threats from vertically integrated competitors
Not evolving into utilizing specialist businesses to support the cluster
Being too slow to adapt to or lobby for protective and supportive legislation
Student must explain, with examples, that government s role is important through
protectionism/standardization but most importantly the creation of demand 5 MARKS
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