“…From the perspective of the economic geography and development literature, a network capital perspective suggests that processes of endogenous development are in fact much more porous across regional boundaries, similar to the acknowledgement that agglomeration forces are never entirely locally bounded (Phelps, 1992). In particular, geographic clustering and industrial agglomeration theory is increasingly encompassing more diffuse forms of agglomeration, especially with regard to the type and geographic scale at which external economies become manifest, and the extent to which these are shared across regions and localities (Phelps and Ozawa, 2003;Phelps, 2004;Malmberg and Maskell, 2006).…”