Silicon Valley in California and the Hsinchu-Taipei region of Taiwan are among the most frequently cited 'miracles' of the information technology era. The dominant accounts of these successes treat them in isolation, focusing either on free markets, multinationals or the role of the state. This...

This paper discusses the results of a two-year research project on the sources of success in regional clusters of entrepreneurship and innovation like Silicon Valley. Our project has studied a number of locations, most of which have shown spectacular rates of growth of information and...