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Introduction: Technology-Based Economic Development and the Initiatives that Advance it

In: Social Culture and High-Tech Economic Development

Author

Listed:
  • Fred Phillips

    (IC2 Institute, University of Texas)

Abstract

In today’s usage, a technopolis is a region trying to build and maintain a healthy, technology-driven economy. Regions that succeed are likely to have: A robust local value chain including strong R&D, manufacturing, marketing and distribution, and intensive international connections. A critical mass of companies in one or more well-defined “clusters.” A relatively compact geography. This allows a successful specialized economy, impossible in more sprawling, diverse places (which may well have a greater total high-technology employment – see Markusen et al. 2001). Technopolis regions grow by: Attracting new companies Nurturing existing indigenous firms Encouraging entrepreneurial start-ups Providing a supportive and innovative educational, social, tax, qualityof- life, cultural, institutional and hard-infrastructural context for research, technology entrepreneurship, and business, and Reaching out to other technopoleis for networking purposes.

Suggested Citation

  • Fred Phillips, 2006. "Introduction: Technology-Based Economic Development and the Initiatives that Advance it," Palgrave Macmillan Books, in: Social Culture and High-Tech Economic Development, pages 1-12, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59724-2_1
    DOI: 10.1057/9780230597242_1
    as

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