On Feb 21, 2008, at 7:26 AM, Dan Saffer wrote:

> Location still matters.
>

Just to follow up on my own comment (hee), here's an excerpt from  
Richard "Creative Class" Florida's new book, "Who's Your City? How the  
Creative Economy Is Making Where You Live the Most Important Decision  
of Your Life."

<http://www.fastcompany.com/magazine/123/in-praise-of-spikes.html>

It's a mantra of the age of globalization that place doesn't matter.  
Technology has leveled the global playing field--the world is flat.  
"When the world is flat," says New York Times columnist Thomas  
Friedman, "you can innovate without having to emigrate."

It's a compelling notion--but it's wrong. Today's global economy is  
spiky. What's more, the tallest spikes, the cities and regions that  
drive the world economy, are growing ever higher while the valleys,  
with little economic activity, recede still further.

...

Geographic concentration encourages innovation because ideas flow more  
freely, are honed more sharply, and can be put into practice more  
quickly when innovators, implementers, and financial backers are in  
constant contact. Creative people cluster not simply because they like  
to be around one another or prefer cosmopolitan centers with lots of  
amenities (though both things tend to be true). They cluster because  
density brings such powerful productivity advantages, economies of  
scale, and knowledge spillovers.

...

The main difference between now and a couple of decades ago is that  
the economic and social distance between the peaks has gotten smaller.  
People in spiky places are often more connected to one another, even  
from half a world away, than they are to people in their own  
backyards. This peak-to-peak connectivity is accelerated by the highly  
mobile, global creative class, about 150 million people, who migrate  
freely among the world's leading cities--places such as London, New  
York, Paris, Tokyo, Hong Kong, Singapore, Chicago, Los Angeles, and  
San Francisco.

Meanwhile, second-tier cities from Detroit to Nagoya to Bangalore are  
locked in potentially devastating competition for jobs, people, and  
investment. And in the so-called developing world, millions upon  
millions of people whose culture and traditions are being ripped apart  
by globalization lack the education, skills, or mobility to connect to  
the world economy. They are stuck in places that are falling further  
and further behind.
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