Man, living in Brazil i can attest to you that there are plenty of hackers around, but no nasdaq. Maybe it can't be done, and maybe <i>we wouldn't really like it</i> if we got it.<p>In Raghuram Rajam's book (Fault Lines) there is something about half of what a country needs to develop is capital, and part is the human organization that can turn this capital into development. As in sane institutions and sane business procedures and people. I would say such a thing is mostly lacking in Brazil, for example: We do have lots of very very intelligent, educated people but it is not critical mass --- also, it is not enough to be seen by society as a driver of lifestyle enhancement (or something like it).<p>It's easy to see how Americans can buy more Snickers with their salaries and assume that their society is better, but technology has changed all the rules, maybe it changed the rule that "more money is better" too.<p>Which also turns out to be a derisive doubt: In wanting to "make a Philippine Silicon Valley" are you not really trying to get a better pay for the same job you currently get?" It is a totally valid goal, mind you, but also a goal that means you lack a socially contextual mode of analysis.<p>So i would say: Be very good at what you do, and then do something with it.<p>Which in turn means: I only think a "Silicon Valley" thing can happen with real people doing things that they are personally enthusiastic about. Like Woz was enthusiastic about circuits, or Leonardo was enthusiastic about anatomy... and in turn those created a context whereby everyone could see how (not only believe, but see how) this kind of activity could translate in better lives for themselves.<p>I guess i did digress some...