Description
This summarization is about a study that looked at the origins of Silicon Valley and how it became a center for high-tech innovation. The study found that Silicon Valley was characterized by rapid economic growth and that the key public and business policy elements of starting a cluster were common to many regions, countries, and time periods.
The contributions to this study of the origins of centers of industrial and technological innovation (such as Silicon Valley) reveal that these concentrated "clusters" of entrepreneurial high tech firms are characterized by rapid economic growth. No other analysts have examined how such clusters start, although many earlier works have studied Silicon Valley. The study's contributors conclude that the key public and business policy elements of starting a cluster are common to many regions, countries, and time periods.
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