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The resurgence of Route 128 in Massachusetts
Michael H. Best

engineers and technologists to convert the innovative ideas into production capabilities. As shown in figure 9.3 the role of tertiary education is critical for producing a pool of engineers and technologists to convert innovative ideas sparked by the internal growth dynamic of entrepreneurial firms into viable products on the scale and in the form required for regional growth. An inelastic skill base will translate into skill shortages and wage pressures thereby choking growth and eroding regional competitiveness. Industrial development depends upon this process of labour

in Market relations and the competitive process
Constituting the cultural economy
Fran Tonkiss

market power rather than one of insecurity. That is most likely to be the case in fields such as multimedia and software programming where companies have difficulty in recruiting specialist staff, and confront high rates of turnover and dynamic, often international, labour markets (Skills Observatory, 2000, p. 5). The labour market effects of this kind of skillsshortage are compounded by a strong freelance ethos in growth sectors where working outside a company’s structure is seen as preferable – in both a financial and a cultural sense – to working inside one (see

in Market relations and the competitive process