Innovation in Real Places

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Winner of the Balsillie Prize for Public Policy and the Donner Prize, this work challenges conventional ideas about innovation and offers a guide for communities seeking effective growth strategies. Many regions have squandered trillions by blindly emulating the Silicon Valley model, believing that economic growth stems solely from technological innovation. This approach emphasizes creating robust education systems, partnering with local research universities, and attracting high-tech firms, leading to a concentration of success in a few areas while others struggle to maintain economic vitality. Dan Breznitz argues for alternative models that do not depend on a thriving high-tech sector. He critiques the prevailing notions of innovation, highlighting a lack of understanding of global production dynamics and a tendency to equate innovation with invention. The obsession with start-ups often blinds communities to the reality that true growth obstacles lie in the dominance of major hubs that absorb talent and resources. Breznitz suggests that communities should assess their roles within the global production process rather than chase high-tech dreams. By recognizing their unique advantages and adapting to the evolving global landscape, localities can foster specialized forms of innovation. This book serves as a crucial corrective to the prevailing mythology surrounding innovation and growth, encouraging leaders to pursue realist