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Regional Advantage in a Global Economy
Harvard University Press
May 2006
On Sale: April 30, 2006
432 pages
ISBN: 0674022017
EAN: 9780674022010
Hardcover
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Non-Fiction
Like the Greeks who sailed with Jason in search of the
Golden Fleece, the new Argonauts--foreign-born, technically
skilled entrepreneurs who travel back and forth between
Silicon Valley and their home countries--seek their
fortune in distant lands by launching companies far from
established centers of skill and technology. Their story
illuminates profound transformations in the global economy.
Economic geographer AnnaLee Saxenian has
followed this transformation, exploring one of its great
paradoxes: how the "brain drain" has become "brain
circulation," a powerful economic force for development of
formerly peripheral regions. The new Argonauts--armed
with Silicon Valley experience and relationships and the
ability to operate in two countries simultaneously--quickly
identify market opportunities, locate foreign partners, and
manage cross-border business operations. The
New Argonauts extends Saxenian's pioneering research
into the dynamics of competition in Silicon Valley. The book
brings a fresh perspective to the way that technology
entrepreneurs build regional advantage in order to compete
in global markets. Scholars, policymakers, and business
leaders will benefit from Saxenian's firsthand research into
the investors and entrepreneurs who return home to start
new companies while remaining tied to powerful economic and
professional communities in the United States. For
Americans accustomed to unchallenged economic domination,
the fast-growing capabilities of China and India may seem
threatening. But as Saxenian convincingly displays in this
pathbreaking book, the Argonauts have made America richer,
not poorer.
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