ABSTRACT
The evolution of a regional economy and its competitiveness capacity may involve multiple independent trajectories through which different sets of resources and capabilities evolve together. However, there is a dearth of evidence concerning how these trends are occurring across the globe. This chapter seeks to present evidence, based on the WCIR variables, in relation to the recent development of the globe’s most productive regions from the viewpoint of their growth trajectories, and the particular form of growth they are experiencing. The aim is to uncover the underlying structure of the changes in knowledge-based resources, capabilities and outputs across regions, in order to offer an analysis of these regions according to an uncovered set of key trends. From these trends the chapter identifies that regions are experiencing differing ‘waves of growth’ related to their overall economic evolution.
