Foreign Investment and Technological Development in Silicon Valley
研究了外国投资在硅谷高技术产业中的规模，并探讨了其对美国经济未来全球角色的影响，指出关键不在于限制外资，而在于建设支持创新后期能力的国内基础设施。
This article examines foreign investment in high-technology industries in Silicon Valley. It describes extent of this investment and then explores implications for future global role of American economy. Significant foreign investment signals inability of U.S. high-tech firms to grow to maturity without infusion of capital and other resources from elsewhere. The solution is not to impede flow of foreign investment, but in building infrastructure—education, skills, savings, employee commitment, and like—needed to support development of later-stage capacities in innovation process. Failure to do so may enable firms outside United States to disproportionately profit from pioneering activity for which the Valley is so famous.