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Lighting the Way Knowledge Assessment in Prince Edward Island (1999) / Chapter Skim
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5 Discussion
Pages 31-34

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From page 31...
... Nevertheless, it is instructive to examine briefly the factors that The Economist considered key to the proliferation of profitable high technology companies, studied and copied around the world. A surprisingly similar list is given by David Landes describing the factors that led to the growth of industrial society in England that was noted by Adam Smithy According to The Economist, the four classic conditions are: · the size and flexibility of the labor pool; · the breadth of the network of suppliers; · access to venture capital; · excellence of the education facilities and research institutions.
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From page 32...
... With this caveat, let us examine the "classic" indicators. LABOR POOL As an island with a small population, PEI can not pretend to have a large labor pool, but there is a presumed reserve consisting of graduates, who leave the Island for work or advanced study because they find limited opportunities, and the Islanders-away (and others)
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From page 33...
... Its translation into return of investment to the Island takes the form of investment funds supported by prominent families or by new residents determined to build the Island's economy. On the other hand, government spending accounts for nearly half the economy, and a substantial fraction of the population is seasonally employed and frequently relies on unemployment insurance.
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From page 34...
... The participants in the virtual case study on electronic commerce were led by the foreign visitors to consider a consistent theme for a set of commercial activities that would unify them and anchor them to the charm and reputation of Prince Edward Island, that of Anne of Green Gables, a concept explored further in the Recommendations section below. The idea of a trademark for PEI has its dangers, such as the vulnerability of the reputation of all parties to poor quality products by one.
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  • electronic commerce
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  • labor pool


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