... be a source of competitive advantage for a business, particularly one located in a high cost area. New knowledge, tacit knowledge, and ideas that are hard to communicate or imitate are a much ... in locations that have an early lead in a particular industry (Krugman 1991). Krugman also argues that because agglomeration is fairly common in all industries, including low-tech manufacturing, ... to Michael Polanyi.”(Polanyi 1967). Codifiable knowledge is blueprints, mathematical formula, operations manuals, and tables of statistics, organization charts and facts. Tacit knowledge is...