"the first is a vibrant higher education system. Business is increasingly dependent upon knowledge, particularly technical knowledge. Some 85 % of all the high growth businesses created in America in the past 20 years were launched by college graduates. University research departments have helped to drive innovation in everything from design to entertainment.
.The second is openness to outsiders. Emigrés have always been more entrepreneurial than their stay-at-home cousings: the three most entrepreneurials spaces in modern history have been the ones inhabited by the Jewish, Chinese and Indian diasporas.
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