Intended Effect Of Business Parks Is Minimal, Study Finds
Wednesday, November 5, 2008 - 10:21
in Mathematics & Economics
In recent years, policy makers have invested billions in large business parks, the idea being that organizing businesses and universities in geographical clusters would encourage strategic alliances and innovation. However, this certainly does not apply to the pharmaceutical industry, as one researcher has discovered. Physical proximity between organizations plays a much smaller role than expected when it comes to gaining access to valuable external knowledge about new medicines.