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Reconceptualizing Development in the Global Information Age$
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Manuel Castells and Pekka Himanen

Print publication date: 2014

Print ISBN-13: 9780198716082

Published to Oxford Scholarship Online: October 2014

DOI: 10.1093/acprof:oso/9780198716082.001.0001

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The Silicon Valley Model: Economic Dynamism, Social Exclusion

The Silicon Valley Model: Economic Dynamism, Social Exclusion

(p.28) (p.29) Chapter 2 The Silicon Valley Model: Economic Dynamism, Social Exclusion
Reconceptualizing Development in the Global Information Age

AnnaLee Saxenian

Oxford University Press

Silicon Valley was the birthplace of the information technology revolution and remains a model of information-technology-led economic development. Its record of entrepreneurship and innovation has been acclaimed, and imitated, for decades. While the rise of new technology regions around the world appear to pose a threat, this chapter argues that Silicon Valley is threatened less by foreign competition than by decades of neglect of the collective social and human development than underpins its economic success. The failure to invest in physical infrastructure, cuts to funding of public education and other public services, and the high rising cost of housing contribute to an increasingly unequal society. The San Francisco Bay Area offers an enviable quality of life for individuals who can pay the high and rising costs of housing, education, and other services. Those who cannot will be increasingly marginalized.

Keywords:   informational development, Silicon Valley, inequality, human development, entrepreneurship, innovation, exclusion

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