Creating Silicon Valley in Europe: Public Policy Towards New Technology Industries in Comparative Perspective

Creating Silicon Valley in Europe: Public Policy Towards New Technology Industries in Comparative Perspective

Steven Casper

in the course of the Nineteen Nineties and early 2000s the energy of the us economic climate has been associated with its skill to foster huge numbers of small leading edge expertise businesses, some of that have grown to dominate new industries, resembling Microsoft, Genentech, or Google. US expertise clusters similar to Silicon Valley became large engines of innovation and wealth production, and the envy of governments worldwide. Creating Silicon Valley in Europe examines trajectories through which new know-how industries emerge and develop into sustainable throughout varieties of economies. Governments worldwide have poured enormous sums of cash into guidelines designed to foster clusters of comparable start-up organisations of their economies. This e-book employs cautious empirical stories of the biotechnology and software program industries within the usa and a number of other eu economies, to ascertain the relative luck of guidelines geared toward cultivating the "Silicon Valley version" of organizing and financing businesses in Europe.

Influential examine linked to the "varieties of capitalism" literature has argued that nations with liberal industry orientations, reminiscent of the us and the uk, can extra simply layout rules to domesticate good fortune in new know-how industries in comparison to nations linked to geared up economies, similar to Germany and Sweden. The book's empirical findings help the view that nationwide institutional components strongly situation the good fortune of latest know-how regulations. although, the examine additionally identifies vital instances within which greatly cutting edge new expertise organizations have thrived inside of prepared economies. via analyzing situations of either good fortune and failure Creating Silicon Valley in Europe is helping determine constellations of industry and governmental actions which could bring about the emergence of sustainable clusters of recent expertise corporations throughout either prepared and liberal marketplace economies.

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