“Tech requires deep talent,” said Armony. “That’s pretty good – Miami is getting there but is still far away from Silicon Valley.”īoth authors believe that for Miami’s tech scene to truly grow, we need to double down on our local universities. He added that Miami has already shown early traction in the fintech and healthtech spaces, noting that our levels of VC funding now compete with more active ecosystems like Austin’s. “What we are seeing are, you know, these important efforts to see if the cities can find a niche in the technology scene.” “That was a very smart thing to do,” he said. That has already paid dividends for the positioning of its ports, which are seen as some of the highest tech in the world. But the question looking forward is: How do these cities approach the future of tech development?”Īrmony noted that Singapore has placed a major emphasis on its system of higher education. “The emphasis on technology has come later. “Technology has not been the driver of these cities’ global positioning,” acknowledged Armony. What role does technology play in the rise of these emerging global cities?įor Portes and Armony, tech is more a result of these cities’ growth rather than a cause of it. “Miami had Cuban exile bankers who immediately recognized Miami’s strategic location,” said Portes. In the case of Miami, there was not one specific individual – but rather a class of leaders. All of these cities also had leaders who very explicitly worked to turn these cities global: “an iron will to move forward in the global economy,” Portes described.
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