Title: Silicon Valley tops high-tech league

Silicon Valley tops high-tech league
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By Scheherazade Daneshkhu in London and Mure Dickie inBeijing
Updated: 12:42 p.m. ET Dec. 13, 2005

San Jose in California's Silicon Valley has the world's most competitive
knowledge economy, according to a league table dominated by US regions
published on Tuesday.

Despite the economic downturn following the bursting of the technology
bubble in 2000, two of the top three knowledge economy regions are in
Silicon Valley, according to the annual report by Robert Huggins Associates,
the think-tank based in Cardiff, the Welsh capital.
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San Jose took top place, followed by Boston and San Francisco, indicating
that the knowledge intensity in the region is concentrated within the
Silicon valley.

The report uses 19 measures to rate 125 regions on their "knowledge
competitiveness" - defined as the ability not just to create new ideas but
also to exploit their economic value. These measures include R&D expenditure
by business, higher education public spending, levels of employment in
knowledge-intensive industries, such as computer manufacturing, and numbers
of patents registered.

The tabular content relating to this article is not available to view.
Apologies in advance for the inconvenience caused.The World Knowledge
Competitiveness Index highlights the gap in competitiveness between the US,
which has 41 of the top 50 regions in the index, and the rest of the world.

Stockholm, the top region outside the US, climbed up the table to enter the
top 10 for the first time, at number eight. The Nordic regions, including
west Sweden, south Sweden and Uusimaa (Helsinki) all performed strongly
thanks to high levels of research, innovation and high tech employment.

Regions in the Netherlands and the Ile de France in Paris also improved.
However, London fell 10 places to 56 and Europe in general continued to
suffer from a lack of suitably-targeted government policies and investment.

Tokyo climbed 16 places to number 22, thanks in part to strong high-tech
employment. Shanghai, which more than doubled its performance since 2004,
was the region showing the most growth in creating a knowledge-intensive
economy.

The report noted that Asia-Pacific was particularly strong in information
technology and computer manufacturing while North America's strength rested
on spending on research and development and education, and high patenting
levels.

Separately, the Organisation for Economic Co-operation and Development
reported that China had become the largest exporter of information and
communication technology goods.

After overtaking the European Union and Japan in 2003, Chinese IT exports
soared 46 per cent to $180bn (€151bn, £102bn) in 2004.

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