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Innovation in Real Places: Strategies for Prosperity in an Unforgiving World 1st Edition
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Winner of Donner Prize
A challenge to prevailing ideas about innovation and a guide to identifying the best growth strategy for your community.
Across the world, cities and regions have wasted trillions of dollars on blindly copying the Silicon Valley model of growth creation. Since the early years of the information age, we've been told that economic growth derives from harnessing technological innovation. To do this, places must create good education systems, partner with local research universities, and attract innovative hi-tech firms. We have lived with this system for decades, and the result is clear: a small number of regions and cities at the top of the high-tech industry but many more fighting a losing battle to retain economic dynamism.
But are there other models that don't rely on a flourishing high-tech industry? In Innovation in Real Places, Dan Breznitz argues that there are. The purveyors of the dominant ideas on innovation have a feeble understanding of the big picture on global production and innovation. They conflate innovation with invention and suffer from techno-fetishism. In their devotion to start-ups, they refuse to admit that the real obstacle to growth for most cities is the overwhelming power of the real hubs, which siphon up vast amounts of talent and money. Communities waste time, money, and energy pursuing this road to nowhere. Breznitz proposes that communities instead focus on where they fit in the four stages in the global production process. Some are at the highest end, and that is where the Clevelands, Sheffields, and Baltimores are being pushed toward. But that is bad advice. Success lies in understanding the changed structure of the global system of production and then using those insights to enable communities to recognize their own advantages, which in turn allows to them to foster surprising forms of specialized innovation. As he stresses, all localities have certain advantages relative to at least one stage of the global production process, and the trick is in recognizing it. Leaders might think the answer lies in high-tech or high-end manufacturing, but more often than not, they're wrong. Innovation in Real Places is an essential corrective to a mythology of innovation and growth that too many places have bought into in recent years. Best of all, it has the potential to prod local leaders into pursuing realistic and regionally appropriate models for growth and innovation.
- ISBN-100197508111
- ISBN-13978-0197508114
- Edition1st
- PublisherOxford University Press
- Publication dateMarch 9, 2021
- LanguageEnglish
- Dimensions9.3 x 1.1 x 6.1 inches
- Print length288 pages
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Editorial Reviews
Review
Winner: Donner Prize for the best Public Policy Book 2021
"a compelling and timely book" -- Kevin Morgan, Regional Studies
"Want to be an innovation hot spot? Don't copy Silicon Valley... we should remember what innovation is and why we care about it. The first part comes down to realising that innovation is not invention." -- John Morgan, The Times Higher Education
"The abiding message of Breznitz's book is that it is a mistake to assume that "what works in one time and one place will always work across time and space... a defense of experiments, mistakes, and the right to choose." -- William H. Jeneway, Project Syndicate
"In this fascinating book, Breznitz, a professor at the Munk School at the University of Toronto, argues that innovation is 'the only way to ensure sustained long-term economic and human-welfare growth'. But, crucially, 'innovation is not invention, nor is it high-tech and the creation of new technology and gadgets". It is "the complete process of taking new ideas and devising new or improved products and services.' This Catholicism gives fascinating insights." -- Martin Wolf, Financial Times
"This book provides valuable guidance for all governmental or business leaders who are trying to find sustainable solutions in the midst of turbulent circumstances. Technology provides enormous opportunities, but these will be realized only through excellent leadership and management." -- Aho Esko,
former Prime Minister of Finland
"Writing a book with advice to local leaders on how to create innovative ecosystems, which are resistant to the centrifugal forces of globalization, was a brilliant idea. This book proves that a precisely structured narrative can be a powerful tool to communicate the results of excellent academic research." -- Marek Belka, former Prime Minister of Poland; Head of the Central Bank of Poland
"A must-read book for researchers, mayors, economic developers and all those concerned with building more innovative and inclusive places. Breznitz combines cutting-edge research on innovative clusters and ecosystems, with laser-like focus on what works and what does not. His book provides a much-needed reminder that Silicon Valley is the wrong model: Cities across the world must forged their own unique paths and strategies for innovation and prosperity." -- Richard Florida, author of Rise of the Creative Class
"Breznitz's brilliant research on innovation and growth strategies coupled with a meticulous focus on explaining what does is means in practical terms for local leaders, makes is a must read for anyone who cares about their community. A truly important book and a highly enjoyable read." -- Thierry Mandon, Former Minister of Public Accounts and State Reform and Minister of Higher Education and Research, France
"In writing this highly engaging and accessible book, Breznitz has done an important public service. Readers interested in the future of innovation and prosperity will avail themselves of not only the most cutting-edge research, but also understand how it applies to their own community. Breznitz's provocative arguments against the Silicon Valley model and the Venture Capital Industry caused me to nod my head in agreement as the former Chief Scientist of Israel and wince in pain as an active Venture Capitalist at the same time. This's a tour de force and a must read for policy makers and concerned, but hopeful, citizens." -- Avi Hasson, former Chief Scientist of the Ministry of Economy of the State of Israel
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- Publisher : Oxford University Press; 1st edition (March 9, 2021)
- Language : English
- Hardcover : 288 pages
- ISBN-10 : 0197508111
- ISBN-13 : 978-0197508114
- Item Weight : 1.28 pounds
- Dimensions : 9.3 x 1.1 x 6.1 inches
- Best Sellers Rank: #1,172,658 in Books (See Top 100 in Books)
- #702 in Development & Growth Economics (Books)
- #1,001 in Globalization & Politics
- #1,755 in Environmental Economics (Books)
- Customer Reviews:
About the author
Dan Breznitz has been elected as a University Professor of the University of Toronto, and the holder of the Munk Chair of Innovation Studies at the Munk School of Global Affairs and Public Policy with a cross-appointment in the Department of Political Science of the University of Toronto, where he is also the Co-Director of the Innovation Policy Lab and a Senior Fellow of Messi College. In addition, he is a Fellow of the Canadian Institute for Advanced Research (CIFAR) where he co-founded and co-directs the program on Innovation, Equity and the Future of Prosperity.
Professor Breznitz is known worldwide as an expert on rapid-innovation-based industries and their globalization, as well as for his pioneering research on the distributional impact of innovation policies. He has been a member of several boards, and has served as an advisor on science, technology, and innovation policies to multinational corporations, governments, and international organizations. He currently serves as the Clifford Clarke Economist of the Canadian Department of Finance, where he is responsible for new economic thinking and the restructuring of the Canadian economy. He was awarded multiple scholarly and public policy awards including the GTRC 75th Anniversary Innovation Award for Public Service, Leadership, and Policy and a Sloan Industry Studies Fellow. Before joining the Munk School, Breznitz spent eight years in Georgia Institute of Technology (Georgia Tech) as a professor in the Scheller College of Business, the Sam Nunn School of International Affairs, and the School of Public Policy. In an earlier life he founded and served as a CEO of a small software company.
In addition to publishing numerous academic articles chapters and edited volumes in multiple disciplines, opinion pieces in leading media outlets, and national and regional policy documents, he is an award-winning author. His first book, Innovation and the State: Political Choice and Strategies for Growth in Israel, Taiwan, and Ireland, won the 2008 Don K. Price for best book on science and technology. His second book (co-authored with Michael Murphree) The Run of the Red Queen: Government, Innovation, Globalization, and Economic Growth in China, was chosen as the 2012 Susan Strange Best Book in International Studies by the British International Studies Association, and was featured in multiple media outlets including The Economist, the New York Times, and Forbes. His latest book Innovation in Real Places: Strategies for Prosperity in an Unforgiving World offers pragmatic advice while debunking dangerous myth on innovation, growth and prosperity, was chosen by the Financial Times as one of the best books of 2021, and won the inaugural Balsillie prize for Public Policy given by the Writers’ Trust of Canada, as well as the Donner Prize for the Best Book on Public Policy.
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For so many governments “doing innovation” means a construction programme of office buildings and financing attempts. Instead the author starts by explaining that innovation is the adoption of inventions; it is innovation rather than invention that makes a benefits societies and builds economies; and it is people and companies that innovate - not buildings, accelerators, financers, lawyers or politicians. So the key is to figure out what your policies will do to improve the behaviour and effectiveness of your local people and firms to do innovation. All the other actors need to be considered for the benefits they give to these true agents of innovation.
The author also spells out 4 stages of innovation - stage 1 is the sexiest and most talked about but also the hardest to bring and the least valuable to host. Silicon Valley is what everyone wants to copy and very few have managed to do so like Israel - who paid a heavy price in doing so. By contrast stages 2 (eg Hamilton, Canada), 3 (eg Taiwan) and 4 (eg Shenzhen, China) of innovation are more achievable, bring far greater employment, and require completely different strategies. To me the book was counterintuitive and systematic. I really enjoyed reading it.
Top reviews from other countries
Ideal for policy makers (at all levels) and scholars
A very timely book
「シリコン○○」ではないイノベーションの方法論は、わが国の読者にとって大いに参考になります。