Innovation in Real Places
Strategies for Prosperity in an Unforgiving World
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Product details:
- Publisher OUP USA
- Date of Publication 18 May 2023
- ISBN 9780197695173
- Binding Paperback
- No. of pages280 pages
- Size 236x157x16 mm
- Weight 417 g
- Language English 463
Categories
Short description:
All cities and regions prioritize economic growth for a simple reason: it is essential to wellbeing and progress. But what are the sources of growth? The eminent scholar of innovation Dan Breznitz contends that the answer lies in global supply networks. In Innovation in Real Places, he examines the four stages of production and argues that struggling regions cannot improve their circumstances by imitating tech-centric economies. Rather, they need to develop their own strengths, and they can do this by focusing on where they best fit in a globalized production system. All cities and localities have certain strengths, and the trick is in recognizing it.
MoreLong description:
Winner of Balsillie Prize for Public Policy
Winner of Donner Prize
A Summer Book of 2021, Financial Times
Longlisted Financial Times and McKinsey Best Business Book of the Year
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.
[A] compelling and timely book
Table of Contents:
Acknowledgments
Introduction
Part I: The State of Innovation
Chapter 1: The New Globalization of Innovation
Chapter 2: The Silicon Peaches
Chapter 3: Startups are Everywhere! (But The Growth Statistics)
Chapter 4: Making America Great Again?
Part II: Innovation and Prosperity
Chapter 5: Four are Better Than One (But First, Let Us Plan It Strategically)
Chapter 6: Singing and Designing--Incrementally--Innovation-Based Growth
Chapter 7: Out With The Old, In With The New! But in What Ways?
Chapter 8: Looking for Better Options: The Science of Innovation Policies and Agencies in a Globally Fragmented World
Part III: The Three Dysfunctionals
A Short Introduction to Part III
Chapter 9: Our Anti-Intellectual Property Rights System
Chapter 10: The Road to Hell is Paved with Good Intentions: The Age of Financialization
Chapter 11: Data: Why Mining Us is the New Boom and For Whom
Conclusion: In Defense of Experiments, Mistakes, and the Right to Choose
Index
Bibliography
