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Books > Science & Mathematics > Science: general issues > Industrial applications of scientific research & technological innovation
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Creating Silicon Valley in Europe - Public Policy Towards New Technology Industries (Hardcover)
Loot Price: R3,738
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Creating Silicon Valley in Europe - Public Policy Towards New Technology Industries (Hardcover)
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Through the 1990s and early 2000s the strength of the United States
economy has been linked to its ability to foster large numbers of
small innovative technology companies, a few of which have grown to
dominate new industries, such as Microsoft, Genentech, or Google.
US technology clusters such as Silicon Valley have become
tremendous engines of innovation and wealth creation, and the envy
of governments around the world. Creating Silicon Valley in Europe
examines trajectories by which new technology industries emerge and
become sustainable across different types of economies. Governments
around the world have poured vast sums of money into policies
designed to foster clusters of similar start-up firms in their
economies. This book employs careful empirical studies of the
biotechnology and software industries in the United States and
several European economies, to examine the relative success of
policies aimed at cultivating the 'Silicon Valley model' of
organizing and financing companies in Europe. Influential research
associated with the 'varieties of capitalism' literature has argued
that countries with liberal market orientations, such as the United
States and the United Kingdom, can more easily design policies to
cultivate success in new technology industries compared to
countries associated with organized economies, such as Germany and
Sweden. The book's empirical findings support the view that
national institutional factors strongly condition the success of
new technology policies. However, the study also identifies
important cases in which radically innovative new technology firms
have thrived within organized economies. Through examining case of
both success and failure Creating Silicon Valley in Europe helps
identify constellations of market and governmental activities that
can lead to the emergence of sustainable clusters of new technology
firms across both organized and liberal market economies.
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