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.
Capitalism is undergoing an epochal transformation from a mas-production system where the principal source of value was physical labour to a new era of innovation-mediated production where the principal component of value creation, productivity and economic growth is knowledge and intellectual capabilities.
Richard Florida on his adopted city’s central role in a new world order built not around nations but around mega-regions.
