UPC: 9783030211936 | International Studies in Entrepreneurship: Regional Renaissance: How New York s Capital Region Became a Nanotechnology Powerhouse (Hardcover)

UPC lookup results for: 9783030211936 | International Studies in Entrepreneurship: Regional Renaissance: How New York s Capital Region Became a Nanotechnology Powerhouse (Hardcover)

This book examines ways in which formerly prosperous regions can renew their economy during and after a period of industrial and economic recession. Using New York s Capital Region (i.e. Albany Troy Schenectady etc.) as a case study the authors show how entrepreneurship innovation investment in education research and political collaboration are critical to achieving regional success. In this way the book provides other regions and nations with a real-life model for successful economic development. In the past half century the United States and other nations have seen an economic decline of formerly prosperous regions as a result of new technology and globalization. One of the hardest-hit United States regions is Upstate New York or the Capital Region ; it experienced a demoralizing hemorrhage of manufacturing companies jobs and people to other regions and countries. To combat this the region with the help of state leaders mounted a decades-long effort to renew and restore the region s economy with a particular focus on nanotechnology. As a result New York s Capital Region successfully added thousands of well-paying skill-intensive manufacturing jobs. New York s success story serves as a model for economic development for policy makers that includes major public investments in educational institutions and research infrastructure; partnerships between academia industry and government; and creation of frameworks for intra-regional collaboration by business government and academic actors. Featuring recommendations for best practices in regional development policy this book is appropriate for scholars students researchers and policy makers in regional development innovation R&D policy economic development and economic growth.