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 i...