Explains why Silicon Valley historically has been hard to duplicate, it is not about the right environment but of concentration of talent.
Greg Clark really not giving in at all to social causation people! https://voxeu.org/article/decline-northern-england-1780-2018 …pic.twitter.com/SbQof416aj
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Does not seem that environment matters that much for where one can build a top tier city. Israel, desert place, but lots of Jews and soon it became a good country. Singapore, swamp tier land, but then smart Chinese. South Africa was mostly empty before European settlers. Etc.
End of conversation
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So there’s no regional problem requiring government intervention. Huh, this must be a surname problem requiring government intervention. I propose redistribution of surnames.
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I'd love to see this for global south/developing markets Vs global North/developed markets. Eg see Clark stats on success of African, Asian migrants in USA
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Where do they show that it is "purely" a product of sorting. Nothing in the paper to back up this claim.
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