The Performance of Seaport Clusters - RePub - Erasmus Universiteit ...
The Performance of Seaport Clusters - RePub - Erasmus Universiteit ...
The Performance of Seaport Clusters - RePub - Erasmus Universiteit ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
212<br />
<strong>The</strong> <strong>Performance</strong> <strong>of</strong> <strong>Seaport</strong> <strong>Clusters</strong><br />
Since exit barriers are entry barriers, we discuss opportunities to reduce cluster entry<br />
barriers 96 and include exit barriers in this discussion. Lowering entry barriers is an<br />
opportunity to improve cluster performance. Relevant entry barriers that can be influenced<br />
by actors in the cluster are: lack <strong>of</strong> (venture) capital, inaccessibility <strong>of</strong> knowledge and<br />
networks, and the amount <strong>of</strong> specific investments that have to be made.<br />
In Rotterdam, the port authority has taken the initiative to develop a venture capitalist that<br />
provides capital to start-ups. This venture capitalist is self-sustaining operates in partnership<br />
with commercial banks. This initiative has proved to be valuable for start-ups. This<br />
arrangement might explain why the availability <strong>of</strong> venture capital is not regarded as an entry<br />
barrier in Rotterdam contrary to Durban and the LMPC.<br />
<strong>The</strong> second entry barrier, the inaccessibility <strong>of</strong> knowledge and networks, is not addressed by<br />
initiatives in any <strong>of</strong> the three cases. <strong>The</strong> inaccessibility can derive from language and<br />
cultural differences. <strong>The</strong>se can hardly be addressed. <strong>The</strong> presence <strong>of</strong> all kinds <strong>of</strong><br />
associations as well as ‘port clubs’ in these ports shows that platforms to meet others in the<br />
port industry do exist.<br />
<strong>The</strong> third entry barrier, the level <strong>of</strong> specific investments that have to be made, can be<br />
addressed by developing arrangements where actors willing to make specific investments<br />
invest in assets that are leased to start-ups and entrants. Such arrangements include:<br />
• Developing land and infrastructure and leasing this to the private sector (the primary<br />
role <strong>of</strong> landlord ports). This reduces investments needs <strong>of</strong> private firms. This policy is<br />
common practice in the port industry and is done in Rotterdam, the LMPC and Durban.<br />
96 For firms present in the cluster, entry barriers are not relevant (anymore), while exit barriers are<br />
relevant. Policies to reduce exit barriers are not widespread, one could think <strong>of</strong> labor laws<br />
related to the closure <strong>of</strong> an establishment, or the take-over <strong>of</strong> an establishment. However, such<br />
laws are not cluster-specific. Furthermore, the experts rated exit barriers as unimportant. For<br />
these reasons, we do not deal with exit barriers specifically.