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Innovation in Real Places - Strategies for Prosperity in an Unforgiving World (Hardcover)
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Innovation in Real Places - Strategies for Prosperity in an Unforgiving World (Hardcover)
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A challenge to prevailing ideas about innovation and a guide to
identifying the best growth strategy for your community. Across the
world, cities and regions have wasted trillions of dollars on
blindly copying the Silicon Valley model of growth creation. Since
the early years of the information age, we've been told that
economic growth derives from harnessing technological innovation.
To do this, places must create good education systems, partner with
local research universities, and attract innovative hi-tech firms.
We have lived with this system for decades, and the result is
clear: a small number of regions and cities at the top of the
high-tech industry but many more fighting a losing battle to retain
economic dynamism. But are there other models that don't rely on a
flourishing high-tech industry? In Innovation in Real Places, Dan
Breznitz argues that there are. The purveyors of the dominant ideas
on innovation have a feeble understanding of the big picture on
global production and innovation. They conflate innovation with
invention and suffer from techno-fetishism. In their devotion to
start-ups, they refuse to admit that the real obstacle to growth
for most cities is the overwhelming power of the real hubs, which
siphon up vast amounts of talent and money. Communities waste time,
money, and energy pursuing this road to nowhere. Breznitz proposes
that communities instead focus on where they fit in the four stages
in the global production process. Some are at the highest end, and
that is where the Clevelands, Sheffields, and Baltimores are being
pushed toward. But that is bad advice. Success lies in
understanding the changed structure of the global system of
production and then using those insights to enable communities to
recognize their own advantages, which in turn allows to them to
foster surprising forms of specialized innovation. As he stresses,
all localities have certain advantages relative to at least one
stage of the global production process, and the trick is in
recognizing it. Leaders might think the answer lies in high-tech or
high-end manufacturing, but more often than not, they're wrong.
Innovation in Real Places is an essential corrective to a mythology
of innovation and growth that too many places have bought into in
recent years. Best of all, it has the potential to prod local
leaders into pursuing realistic and regionally appropriate models
for growth and innovation.
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