Abstract
The traditional industrial relocation theories hold that there are industrial relocations between areas with different levels of economic development. However, we found a significant gap between the theory and reality of industrial relocation in Zhejiang province of China. To analyze this phenomenon, the paper explores reasons for the tardiness of industrial relocation on the basis of literature review and survey. Taking the children's garments industrial cluster in the Zhili town, as an example, the paper also analyzes the sticky factors affecting industrial relocation, such as labor costs, sunk costs, capital barriers, industrial cluster effect, social network and regional culture based on interviews and questionnaires.
| Original language | English |
|---|---|
| Pages (from-to) | 560-565 |
| Number of pages | 6 |
| Journal | Social Science Journal |
| Volume | 48 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Sept 2011 |
| Externally published | Yes |
Keywords
- Entrepreneurship
- Industrial cluster
- Industrial relocation
- Sticky factor
- Sunk costs
- Transaction costs
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