GGR111H5 Lecture Notes - Lecture 7: Wi-Fi, Positive Feedback, Traffic Congestion
Document Summary
Commodity chain step 4 - research and development (silicon valley) Urban geography (how silicon valley was created?) Nasa - usa space program (was granting huge grants for innovation to aid in the space race) California was different - california was where people went to go away from old way of doing things. Stanford university is present actively trying to pull industry in this region (university + industry partnership) Get government grants to train students to aid in industries. The critical development of an early start in economic development - special use of place specific circumstances. The clustering together of functionally related activities (eg. companies doing the same kind of work being close together) Cost savings that accrue to particular industries as a result of clustering. Buy in bulk and get divided between the industries in a agglomeration. Relationships with customers (both industry and retail) One step / one place for buyers to buy.