Cities Want To Be The Next Silicon Valley. That Might Not Be A Good Idea

“The Washington Consensus of the 1980s claimed that free trade and deregulation were the most promising growth policies for developing countries. The Silicon Valley Consensus suggests that innovative cities grow faster, that startups are the only real hope for job creation, and that high-tech growth helps rich and poor alike. But, like the Washington Consensus, the Silicon Valley Consensus offers a false promise.”