How Factory affecting development

Factors affecting development


The rapid growth of this region can be attributed
to two factors—large amounts of capital and
technology. The government of the US invested
large amounts of capital in these industries after
World War II. Besides, private businesses also offered capital. Since the invention of the integrated
circuit, Silicon Valley and growth meant the same.
In the 1980s, there was large-scale growth with the
advent of personal computers. In the 1990s, the
internet provided a huge growth through Internet-
based business.



To meet the growing need of high-technology
workers, especially engineers, the US government
modified immigration rules to allow foreign
workers to get into the country. So there was a
large influx of workers from India and China.
The nearby Stanford University and its graduates also
contributed a lot to the development of this region.
The university promoted research programmes that
were needed for the industry and encouraged its
students to start their own businesses based on their
research. Credit for this goes to Frederick Terman
(PhD from MIT) who set out to build Stanford as a
major centre of radio and communications research.


For example

Hewlett and Packard (of HP computers)
were students who were influenced by Terman.




Some of the companies that have their head offices
in the Silicon Valley are Google, Hewlett-Packard,
Apple, Intel, Yahoo, Oracle, Microsoft, Adobe, etc.


Though there have been many changes in the
internet business, Silicon Valley continues to
maintain its status as one of the top research and
development centre of the world, and as a high-
technology giant.



Point to discuss



1. What are the 4 factors that affect the development of personality?

2. What are the factors affecting industrial development?

3. What factors affect development?




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