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Social Culture and High-Tech Economic Development: The by F. Phillips

By F. Phillips

Techno-regions have generated many of the new jobs long ago decade and this expertise is using fiscal improvement; besides the fact that, difficulties persist. This ebook highlights the capability pitfalls and indicates tools through which a sustainable, special and filthy rich technology-based local financial system can exist.

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Decade starts with wide skepticism about prospects of high technology. But oil, real estate and cattle industries tank almost simultaneously in mid-decade. MCC comes to Austin, symbolizes the high-tech future. Investment in UT results in soaring reputation for the University. Texas investors start to embrace high-tech; companies absorb the excess skilled labor. Many technology development alliances formed to nurture Austin’s high-tech transformation. Strengths in music, electronics, software combine to form major multimedia development center.

The second chapter recounts the earliest days of the organization that is now Austin’s largest trade association. Aspiring regions may take away some tips on organizational strategies, encouragement to persevere despite initial setbacks, and reassurance that great oaks from little acorns indeed do grow. 3 I ask readers not only 10 Fred Phillips to tolerate this recital, but to find ways to celebrate their own TED heroes. Chapter 3 begins to look at what underlies the usual lists of regional success factors.

Shared prosperity seems to rest on the initiative of individuals or organizations, on idea leadership (“run it up the flag pole and see who salutes it”), and on inclusion of the committed, regardless of whether committed participants bring ideas, funding, a good rolodex, or just a sincere desire to learn. 21 Similarly, shared prosperity initiatives need not be explicitly supported in law. However, they benefit by being eligible for, or influential in creating new sources of, government funding, and it is important that no laws actually prohibit the constructive directions the initiatives may wish to take.

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