Abstract
In this paper, the Hirschmanian exit‐voice approach is applied to the development of industrial districts. The analysis of the post-World War II evolution of the Prato district helps to make explicit how the industrial district competitive advantage can be reproduced over time during periods of regular development. In addition, the exit‐voice polarity helps in understanding also the specific difficulties that industrial districts face in responding to major changes in their external circumstances. In particular, the case examined sheds light on the role that conscious collective action has in permitting the successful adjustment of a local system.
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