The Harvard professor and popular author explains the "location paradox" and talks about the competitive challenges facing the U.S. Ever since his 1990 book The Competitive Advantage of Nations, Harvard Business School professor Michael Porter has been regarded as a leading authority on the economic development of nations, regions, and cities. Both as an academic and consultant, Porter is best known for his work on the importance of developing a specialty in industrial clusters—high concentrations of companies in a sector such as semiconductors, cars, or textiles. In an interview with Senior Writer Pete Engardio, Porter explains why he believes globalization has actually made industry clusters and local advantages even more important, rather than weakened them.
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