Focus on the brains

Wednesday, February 18, 2004

Most deep thinkers in economic development have ambivalent attitudes toward Richard Florida. On the one hand, he has broaden the debate about economic development. On the other hand, his data are shaky and his conclusions too facile. The world is simply more complex than he allows.

Here's an example of where his analysis gets off target. In a recent study reported in the press, Florida and a colleague report that Europe is gaining on the U.S. True enough. There are important lessons the European Union can teach us about regional innovation.

But then he goes on to conclude, apparently, that Sweden and Finland pose greater threats to America's economic leadership than China or India. Read more.

I don't think so. Finland's economy is about the size of Kentucky.

posted by Ed Morrison |

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