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

throughout the Nineties and early 2000s the power of the U.S. economic system has been associated with its skill to foster huge numbers of small leading edge know-how businesses, some of that have grown to dominate new industries, similar to Microsoft, Genentech, or Google. US expertise clusters comparable to Silicon Valley became super engines of innovation and wealth production, and the envy of governments all over the world. Creating Silicon Valley in Europe examines trajectories during which new know-how industries emerge and develop into sustainable throughout forms of economies. Governments all over the world have poured monstrous sums of cash into regulations designed to foster clusters of comparable start-up organisations of their economies. This booklet employs cautious empirical stories of the biotechnology and software program industries within the usa and several other eu economies, to ascertain the relative luck of regulations aimed toward cultivating the "Silicon Valley version" of organizing and financing businesses in Europe.

Influential study 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 regulations to domesticate luck in new know-how industries in comparison to nations linked to geared up economies, comparable to Germany and Sweden. The book's empirical findings aid the view that nationwide institutional components strongly situation the good fortune of latest expertise guidelines. besides the fact that, the examine additionally identifies vital instances within which noticeably cutting edge new expertise organisations have thrived inside of equipped economies. via reading situations of either luck and failure Creating Silicon Valley in Europe is helping establish constellations of marketplace and governmental actions that could bring about the emergence of sustainable clusters of recent know-how organizations throughout either prepared and liberal marketplace economies.

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