There was an interesting article this weekend on the San Jose Mercury News. It said that in spite of the globalization and the rise of tech hubs in countries like Israel, China and India, there is no immediate threat to Silicon Valley’s economy and it remains strong as the heart of innovation and industry. Various reasons: from Social Networks headquartered in the Bay Area that conquers audiences worldwide to companies such as HP and Cisco soaring from the expansion of global markets.
In a recent statement, HP highlighted how revenue from the BRIC countries - Brazil, Russia, India and China - had increased 37% percent compared with the same quarter in 2006. And Cisco reported 45% year-over-year growth in emerging markets.
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If on one hand businesses that are started in the valley expand throughout the world, on the other hand the valley also attracts the world to itself. Silicon Valley draws highly skilled professionals from different parts of the globe: according to the same article, 55% of its science and engineering professionals were born abroad.
If on one hand businesses that are started in the valley expand throughout the world, on the other hand the valley also attracts the world to itself. Silicon Valley draws highly skilled professionals from different parts of the globe: according to the same article, 55% of its science and engineering professionals were born abroad.
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Still on foreign born executives, here’s a must read. It is called “They Made It”. It’s a compilation of interviews with some of the top Silicon Valley executives born in France, Israel and India (among many other countries) . You can pre-order you book here.
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