
Forgotten rustbelts are becoming "brainbelts" - innovation hubs where industrial skills meet academic research. From Akron to Eindhoven, this book reveals how collaborative ecosystems are revitalizing economies worldwide, challenging the notion that manufacturing regions are destined for decline.
Antoine van Agtmael and Fred Bakker, authors of The Smartest Places on Earth: Why Rustbelts Are the Emerging Hotspots of Global Innovation, combine decades of expertise in global economics and financial journalism to explore regional revitalization.
Van Agtmael, who coined the term “emerging markets,” is a seasoned economic strategist with leadership roles at the World Bank, International Finance Corporation, and Brookings Institution. His prior work, The Emerging Markets Century, established him as a visionary in global market trends.
Bakker, an award-winning financial journalist and former CEO of Het Financieele Dagblad, brings sharp analysis of monetary systems and innovation ecosystems. Their book reframes post-industrial cities like Akron and Eindhoven as “brainbelts” thriving through collaborative “brainsharing” between academia, industry, and government.
Van Agtmael’s advisory roles with the Council on Foreign Relations and NPR Foundation, alongside Bakker’s media influence, underscore their authority on economic transitions. Featured on platforms like the Diane Rehm Show, their research has shaped conversations at institutions like Yale and the Brookings Institution, where the book was celebrated as a blueprint for 21st-century competitiveness.
The Smartest Places on Earth explores how former industrial hubs like Akron and Dresden have transformed into innovation hotspots called "brainbelts." These regions combine academic research, technical expertise, and collaborative networks to solve global challenges through smart manufacturing and advanced technologies, shifting the competitive edge from cheap labor to intellectual capital.
This book is ideal for business leaders, policymakers, and tech enthusiasts interested in economic revitalization. It offers insights for those exploring regional innovation strategies, collaborative business models, or the future of advanced manufacturing in Western economies.
Brainbelts are revitalized industrial regions that leverage partnerships between universities, startups, and corporations to drive cutting-edge innovation. Examples include Albany’s nanotechnology cluster and Eindhoven’s tech ecosystem, which focus on smart materials, AI, and sustainable solutions.
Akron, once a declining rubber industry hub, rebounded by specializing in polymer research through collaborations with the University of Akron and companies like Goodyear. It exemplifies how traditional manufacturing cities can pivot to high-value innovation.
Van Agtmael emphasizes "brainsharing"—collaborative networks where academia, industry, and government co-develop solutions. This model contrasts with siloed R&D, enabling faster commercialization of ideas like Dresden’s semiconductor advancements.
Critics argue the authors oversimplify the viability of brainbelts in smaller cities and underaddress challenges like funding gaps or corporate monopolies. However, the book’s case studies provide actionable blueprints for economic renewal.
Unlike The Rise of the Creative Class (focused on urban talent), this book highlights industrial reinvention through applied research. It aligns with The Second Machine Age but emphasizes regional collaboration over broad tech trends.
With AI and automation reshaping industries, the book’s framework for combining technical expertise with academic innovation offers a roadmap for cities adapting to post-pandemic supply chain shifts and green technology demands.
“The global competitive advantage is shifting from cheap to smart.” This underscores the transition from cost-driven manufacturing to brainbelt-led innovation in aging industrial regions.
Fred Bakker, a former editor-in-chief of Het Financieele Dagblad (Dutch Financial Times), contributed his expertise in financial journalism and European economic trends to the book.
저자의 목소리로 책을 느껴보세요
지식을 흥미롭고 예시가 풍부한 인사이트로 전환
핵심 아이디어를 빠르게 캡처하여 신속하게 학습
재미있고 매력적인 방식으로 책을 즐기세요
After decades of obsession with making things cheap, the future would focus on making things smart.
Effective brainpower sharing requires the right balance of focus and openness.
Brainbelts create distinctive environments that magnetize talent and businesses.
The awakening typically occurs when frustration reaches a tipping point or a new player arrives.
The Smartest Places on Earth의 핵심 아이디어를 이해하기 쉬운 포인트로 분해하여 혁신적인 팀이 어떻게 창조하고, 협력하고, 성장하는지 이해합니다.
The Smartest Places on Earth을 빠른 기억 단서로 압축하여 솔직함, 팀워크, 창의적 회복력의 핵심 원칙을 강조합니다.

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Something unexpected is happening in places we've written off. Akron, Ohio. Pittsburgh, Pennsylvania. Eindhoven, Netherlands. These former industrial powerhouses-once symbols of economic decline-are experiencing remarkable revivals. But not through government bailouts or attempts to resurrect old industries. Instead, they're transforming through collaborative innovation ecosystems that Antoine van Agtmael and Fred Bakker call "brainbelts." The conventional wisdom that manufacturing would continue fleeing America and Europe for cheaper shores began cracking around 2012. During a business trip to Asia, van Agtmael was startled when a Taiwanese executive expressed fear of American competition-a complete reversal after decades of Western businesses feeling threatened by Asian manufacturers. The executive admitted, "We're being squeezed" by American R&D capabilities that were "so far ahead." What's happening? After decades of obsession with making things cheap, the future now belongs to making things smart. Pittsburgh exemplifies this transformation. Once a steel powerhouse with over 1,000 factories, the city suffered devastating decline from 1945-1985. Today, healthcare and education drive its revival, with tech giants like Google and Uber establishing operations next to Carnegie Mellon's renowned robotics center. The pattern repeats across numerous regions-in Akron, 1,000 startups now employ more people than the four big tire companies did during manufacturing's heyday. The future belongs not to those who produce cheaply, but to those who innovate smartly.