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The New Argonauts: Regional Advantage in a Global Economy Hardcover – April 30, 2006

by AnnaLee Saxenian (Author)
4.5 out of 5 stars 13 ratings
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Like the Greeks who sailed with Jason in search of the Golden Fleece, the new Argonauts--foreign-born, technically skilled entrepreneurs who travel back and forth between Silicon Valley and their home countries--seek their fortune in distant lands by launching companies far from established centers of skill and technology. Their story illuminates profound transformations in the global economy.

Economic geographer AnnaLee Saxenian has followed this transformation, exploring one of its great paradoxes: how the "brain drain" has become "brain circulation," a powerful economic force for development of formerly peripheral regions. The new Argonauts--armed with Silicon Valley experience and relationships and the ability to operate in two countries simultaneously--quickly identify market opportunities, locate foreign partners, and manage cross-border business operations.

The New Argonauts extends Saxenian's pioneering research into the dynamics of competition in Silicon Valley. The book brings a fresh perspective to the way that technology entrepreneurs build regional advantage in order to compete in global markets. Scholars, policymakers, and business leaders will benefit from Saxenian's firsthand research into the investors and entrepreneurs who return home to start new companies while remaining tied to powerful economic and professional communities in the United States.

For Americans accustomed to unchallenged economic domination, the fast-growing capabilities of China and India may seem threatening. But as Saxenian convincingly displays in this pathbreaking book, the Argonauts have made America richer, not poorer.

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  1. Print length
    432 pages
  2. Language
    English
  3. Publisher
    Harvard University Press
  4. Publication date
    April 30, 2006
  5. Dimensions
    6 x 1.75 x 8.5 inches
  6. ISBN-10
    0674022017
  7. ISBN-13
    978-0674022010
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Editorial Reviews

From Publishers Weekly

Argonauts, Saxenian's mythic term for global commuters employed in the high tech sector, are not the ominous invaders American economic isolationists fear-stealing jobs and ideas from Americans and spiriting them abroad. Rather, Saxenian argues, such global entrepreneurs have created domestic and foreign jobs and reduced the cost of technology for businesses and consumers. Saxenian is at her best when describing the relatively short history of the international entrepreneur-commuter: the Argonauts, though equipped with Ph.D.s from American universities, hit ethnicity-based glass ceilings in the States and chose entrepreneurship over floundering in middle-management. Bright, young, foreign-born entrepreneurs formed technology companies (with the help of western venture capital and management theory) in their home countries and succeeded where traditional development initiatives failed. However, when Saxenian projects the implications of Argonaut activity or their future, she sounds prematurely optimistic; some readers may have a hard time envisioning, as Saxenian does, widespread future interglobal cooperation aimed at solving humanity's problems.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

Remarkable...There is probably no more experienced and astute chronicler of the advent of the Silicon Valley ecosystem than AnnaLee Saxenian... This will be a much discussed and cited book, and deservedly so. It has focused our attention on a potentially decisive phenomenon for 21st century economic development. (Michael Storper Journal of Economic Geography 2006-11-03)

Product details

  • Publisher ‏ : ‎ Harvard University Press; Annotated edition (April 30, 2006)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 432 pages
  • ISBN-10 ‏ : ‎ 0674022017
  • ISBN-13 ‏ : ‎ 978-0674022010
  • Item Weight ‏ : ‎ 9.9 ounces
  • Dimensions ‏ : ‎ 6 x 1.75 x 8.5 inches
  • Customer Reviews:
    4.5 out of 5 stars 13 ratings

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Top reviews from the United States

  • José-Fernando PIneda
    5.0 out of 5 stars Another good work of Anna Lee Saxenian
    Reviewed in the United States on August 6, 2010
    Verified Purchase
    The aurhor has studied for the last twenty years or so the development of the silicon industry from the persepctive of regional growth and development experiences. Her previous published work was concerned mostly with cases within the United States. This book is about a related area but this time ilustrated from the international context of native entrepenurs comming back home after an educational and job experience abroad in techologically advanced industries. It is a well articulated analysis and a rich fountain of examples for regional development policies for developing nations who want to take advantage of the return migration of their human capital which has in the past years gained professional skills, valuable contacts and rich employment experiences abroad. The book is well written and provides valuable clues on the success and nature of recent industrialization processes in some middle income countries. A valuable buy for people working in the fields of economic growth, planning, economic development and techological change.
    One person found this helpful
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  • JLA
    5.0 out of 5 stars Wondeful Book
    Reviewed in the United States on September 21, 2023
    Verified Purchase
    A perfect book for my library.
    Thank you.
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  • Papageno
    5.0 out of 5 stars Excellent view of Silicon Valley's now and future in the Flat world!
    Reviewed in the United States on August 24, 2006
    Verified Purchase
    Excellent view of Silicon Valley's now and future in the Flat world! This author is excel in comparing Silicon Valley with new 'Want be Silicon Valley' regions. Especially her comments on the differentiators that are based on lot of interviews are extremely valuable for these challengers. In summery, openness, strong wishes to keep in the leading edge that the author viewed as Silicon Valley excel are the true differentiators of the region from many others.
    5 people found this helpful
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  • DD
    5.0 out of 5 stars Five Stars
    Reviewed in the United States on August 10, 2016
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    Amazing book on diasporas and the people who make things happen in the world in terms of technology.
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  • Zaruhi
    5.0 out of 5 stars Five Stars
    Reviewed in the United States on May 15, 2016
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    All is great!
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  • InsideWork Book Review
    5.0 out of 5 stars Regional Advantage in a Global Economy
    Reviewed in the United States on July 31, 2008
    AnnaLee Saxenian has a clear vision of how the global economy is being transformed. Like Jason's mythic quest for the Golden Fleece, the new economic landscape is being conquered less by policy makers, global investors, and multinational corporate behemoths than by legions of modern day Argonauts - technically skilled entrepreneurs from many nations who "sail" back and forth between their home countries and their other home in Silicon Valley.

    Traditional economic worldviews assumed that the success of companies and countries from peripheral 20th century economies - Taiwan, China, India, Israel - were destined to build on the successes and advancements of leading edge G8 economies (U.S., Japan, Germany, France, UK, Italy, Russia). These worldviews anticipated a constant brain drain from the trailing economies to the leading economies, assuming talent would aggregate and then remain where the opportunity was. And, until recently, there was plenty of evidence for this view.

    Not anymore.

    Today's global economic reality has turned this worldview on its ear - or at the very least forced a serious revision. The percentage of talent who come to the U.S. to be educated and then remain here to work has reversed - to spell it out: More people are returning to their homes to seek opportunity, even after many years in the U.S.

    One current worry is that the U.S. now faces a brain drain as these technologically astute entrepreneurs exit our economy. Saxenian discovered that what we're experiencing is not a brain drain but a "brain circulation." Many, often two or more from the same country, are founding companies that think globally from day one. Rather than just competing on low cost - the traditional assumption of competitive advantage - they have mainly pursued strategic, innovative, value added trajectories all the while maintaining close ties to Silicon Valley relationships, technology and markets. Instead of attempting to reproduce Silicon Valley back home, these Argonauts are establishing complementary versions of Silicon Valley, each with its specialization. This has effectively given rise to a global technology business ecosystem. Within this system, the Argonauts are able to locate foreign partners as needed, manage complex organizations across cultures and languages, circulate know-how, and attract talent and capital. On top of which they make significant contributions to world-class education and research.

    Read the entire review at [...]
    2 people found this helpful
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  • PS
    5.0 out of 5 stars The power of networks within and between hi-tech regions
    Reviewed in the United States on January 26, 2007
    AnnaLee Saxenian has long been a follower of localized firm and professional networks in the hi-tech industry, highlighting their superiority over corporate hierarchies in her book "Regional Advantage." More recently, in "The New Argonauts," she has turned to ethnic professional networks in Silicon Valley, especially in the Indian, Chinese and Israeli communities. These networks, originally founded for social purposes, evolved to become professional networks for advice, capital and know-how for immigrant entrepreneurs. As immigrant entrepreneurs in Silicon Valley identified business opportunities in their home countries, the networks extended to support these new ventures. They also tied into their home-countries' networks through alumni associations and family ties.

    Thus, organizations that were once highly localized began to reach across continents - and their benefits with them. Access to tacit knowledge (technical and managerial), a common understanding of entrepreneurship, shared language and culture have all been considered factors that are bound by geography and contribute to the success of regional economies. Now, they are transcending vast distances thanks to the kinds of networks described by Saxenian. New "Argonauts" (people who work in two or more regions, shuttling back and forth several times per month) literally carry market and technological knowledge, contacts, business models and capital around the world.

    As a result, "Silicon Valley, once the uncontested technology leader, is now integrated into a dynamic network of specialized and complementary regional economies. These new technology regions are not replicas of Silicon Valley, nor are they becoming new Silicon Valleys [...] Even as the returnees seek to use their experience in Silicon Valley to reshape these institutions, distinctive regional and national histories ensure that the identities and technology trajectories of these regions are unlikely to converge."

    Saxenian emphasizes the role of entrepreneurial networks over multinational enterprises. Multinationals have traditionally been seen as the prime diffusers of new technologies to "following" economies. In Saxenian's view, they will be supplanted here, as they were in the U.S. hi-tech industry.
    11 people found this helpful
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