Technology is one of the fastest growing industries in the world and it has no signs of slowing down anytime soon. With the industry also areas like the Silicon Valley, which is home to many of the world’s largest technology corporations, grow and gain more importance.
The purpose of the Current Affairs Journal is to show the importance of the Silicon Valley for society. Moreover it focuses on the location of the technological heart and which social, geographical and entrepreneurial elements a country needs in order to build an area like the Silicon Valley. The paper, however, does also examine whether an area like the Silicon Valley is better for startups than other places. Precise internet research show that there are several positive aspects of areas like the Silicon Valley. Infrastructure, corporation, the right atmosphere and attitude can hardly be accomplished in other places. This leads to the implication that areas like Europe need to change entrepreneurial habits in order to regain competitiveness.
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