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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1440)	3/7/2004 1:24:54 PM
From: chip	Read Replies (1) \| Respond to of 116555

The article does present a possible silver lining from offshoring, though: Whether this global interaction leads to a net gain or loss for the Bay Area remains to be seen. In the eyes of the UC Berkeley researchers, the factor that will determine whether the Bay Area decays into the next Flint, Mich., or rises to ever greater heights depends on one thing: innovation. "Silicon Valley has always been on top of the technology food chain," Kroll said. "It's always managed to stay one step ahead." If this region stays on the cusp of innovation, the theory goes, new industries will be invented here, and because of Silicon Valley's unique cross- pollination of businesses, venture capitalists and talented workers, even ideas born in other places will be nurtured into moneymaking concerns here. These new industries will create new, high-paying jobs locally, at least in the early years.

To: mishedlo who wrote (1440)	3/7/2004 5:19:14 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 116555

isn't it insane that this also happens to be the most expensive suburban real estate in the country? i feel sorry for all the lemmings who bought at the top.

To: mishedlo who wrote (1440)	3/9/2004 5:20:07 PM
From: gregor_us	Respond to of 116555

Someone Joked to me Two Years Ago that S.V. Could become the next Detroit. Not so much in terms of urban blight, but in terms of structural change. Like cities that once needed to be near "rivers", there appears to be no reason why all the energy and congregation that once "made" Silicon Valley what it was--cannot coalesce elsewhere. Offshoring's giant target: the Bay Area Silicon Valley could face export of 1 in 6 jobs -- worst in nation Jobs are more likely to be shipped overseas from Silicon Valley than any other region in the nation, placing the Bay Area's economic engine directly in the path of the global freight train known as offshoring....