Creating Silicon Valley in Europe
Public Policy Towards New Technology Industries
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Product details:
- Publisher OUP Oxford
- Date of Publication 5 July 2007
- ISBN 9780199269525
- Binding Hardback
- No. of pages232 pages
- Size 240x160x19 mm
- Weight 515 g
- Language English 0
Categories
Short description:
Creating Silicon Valleys in Europe 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.
MoreLong description:
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.
Table of Contents:
Introduction
Institutional Frameworks and Silicon Valley Model
How an American Technology Cluster Emerged and Became Sustainable: San Diego Biotechnology
The New Economy in Germany: The Limits of Planned Innovation
The United Kingdom: The Right Institutions but Mixed Results
Large Firms as Drivers of Cluster Formation: Patterns of Sub-Sector Specialization within European Software
Conclusion
