Academic interest in Local Productive Systems (LPS) is on the rise. So are public policies specifically directed to such systems, which may be defined as a territorial agglomeration of interacting economic, social and political actors focused on a specific set of economic activities. Part of such interest derives from the hypothesis that such agglomerations lead to gains in efficiency which the components of the system would not be able to achieve in isolation, i.e. that in such systems, there is a "collective efficiency" in operation, which provides the system with a specific competitive advantage.
local productive systems; collective efficiency; local external economies; joint action; public policies