Regional Renaissance: How New York’s Capital Region Became a Nanotechnology Powerhouse (International Studies in Entrepreneurship, 42, Band 42) - Hardcover

Über die Autorin bzw. den Autor

Charles Wessner currently teaches and researches Global Innovation Policy at Georgetown University (USA). He served for two decades at the National Academy of Sciences (USA) where he founded and directed a globally recognized program on technology innovation and entrepreneurship. Widely recognized for his expertise on innovation policy, he frequently works with international organizations, lectures at universities and consults with governments around the world.

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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 State 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 decade-long effort torenew 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.