The geography of talent: entrepreneurship and local economic development in Oxfordshire

Abstract

This paper considers the interaction of stocks of talent, entrepreneurship, processes of institutionalization and networking in local development. The main theme is that although innovation necessarily involves social networks and collective action, it should not be overlooked that the quality of those networks is dependent on the quality or talent of individuals who have initiated particular developments. The paper argues that the literature on local and regional development tends to overlook the agency of individuals and that to do so ignores processes that lead to the distinctive characteristics of localities. Using Oxfordshire as a case study, it demonstrates how the expertise of talented individuals has been translated in the fastest growing high-tech economy in the UK. This has brought visibility to the county's techno-economic and institutional achievements feeding into high-level professional and political policy agendas.