6. Accelerating Innovation: Bioparks, Technology Zones, and Emerging Clusters
“We should be cautious about sinking our resources into expensive infrastructure, especially if someone else wants to do it for us....”
—An executive from a Western high-tech company
Advantages of Locating in “Traditional” Industrial Clusters
Famous technology clusters such as Silicon Valley in the United States, Cambridge in the United Kingdom, and Munich in southern Germany have caught the imagination of the public and attracted attention from politicians, journalists, and business leaders. Clusters are sometimes seen as a solution to competitiveness, a way to attract foreign direct investment, and a means of providing high-paying jobs. Local governments, in particular, ...