Why did grunge music emerge in Seattle? Business strategists and development economists may have an answer that can at least partially explain why, and it relates to something called regional competitive advantage.
Regional competitive advantage is the “secret sauce” that enables regions and industry clusters to compete on a global scale. The same concept can be used to explain why Silicon Valley emerged around San Francisco or why Southern Ontario’s Toronto-Waterloo corridor is emerging as one of the premier innovation ecosystems and technology clusters in the world.
