Wherever one looks -in semiconductors, computers or biotechnology- the story is the same: The United States achieves a commanding lead in basic research, develops the start-up companies that pioneer cutting edge technologies, and then somehow fails to follow trough, leaving nations like Japan to mass-produce the products that the world wants.
Venture capital investment is a critical component of high technology economic growth. Although investment is perhaps the most important dimension of venture capital activity, there is virtually no literature on it…
The research upon which this chapter is based was undertaken in three parts. The first part involved the compilation of a comprehensive database of transplant assemblers and suppliers in the US…
Picture America. What do you see? The hustle and bustle of New York with Wall Street, the theatre district and bohemian neighbourhoods…
Since the early 1980s, State, local and regional economic development strategies have faced an accelerating pace of technological change, new patterns of work and production organization. The globalization of technology and markets is transforming economic development as we know it.
Housing finance provides telling insights into the political economy of any advanced industrial economy. It is integral to the performance of capital markets, reflective of the role of the state in the economy and illustrative of the priority placed on producing affordable housing.
The Japanese System and Its Transfer to the U.S. by Martin Kenney and Richard Florida
In this paper, the comparative responses of the USA and Japan to the rise of the new high-technology industries are examined. The United States pattern mainly revolves around the rise of high-technology districts like Silicon Valley and Route 128 which comprise dense networks of small entrepreneurial firms and other related institutions.
