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This study takes the "New Silicon Valley" Hangzhou to discuss the relationship about the resources and development. The resource-based view provided a systematic approach for analyzing the role of Hangzhou in terms of its potential sustained competitive advantage in technology development. In this study, we suggest that each resource can enhance the technology development, but the potential of each resource should not be viewed in isolation. Two intervening variables are talents and capabilities. We not only integrate three resources, but also study at their interface. Thus, we put forward eight propositions include the interplay, isolated impact and combined affect.

The drivers of technology development in "New Silicon Valley" Hangzhou: a Resource-Based Perspective