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Based upon a novel synthesis of theoretical fields, spanning from organisational economics, economic sociology and 'old institutionalism' to the resource-based and knowledge-based approaches to the firm, Localised Learning and Cluster Capabilities offers a systematic and critical evaluation of the cluster thesis. The book's exposition is solidly grounded in empirical work, illustrating step-by-step arguments on what drives industrial clustering by presenting a case study of a contemporary Danish industrial cluster. The unparalleled detail of this case study allows for an in-depth examination of the phenomena and processes operating in an industrial cluster, as well as for a discussion of the limitations of the cluster thesis.