Globalization and Entrepreneurship

Globalization and Entrepreneurship

Policy and Strategy Perspectives

The McGill International Entrepreneurship series

Edited by Hamid Etemad and Richard Wright

The contributors to this collection provide a wealth of new analyses of both traditional and emerging aspects of entrepreneurship, from a variety of national perspectives and from a variety of disciplines. Globalization has begun to dismantle the barriers that traditionally segregated local business opportunities and local firms from their international counterparts. Local markets are becoming integral parts of broader, global markets. As globalization proceeds apace, entrepreneurs and small businesses will play a more prominent role on the global business arena. The volume is divided into three sections. The first looks at the internationalization process itself while the second focuses on factors facilitating this process in small and medium-sized firms. The last section examines emerging dimensions in management policy.

Chapter 7: Social Capital, Networks and Ethnic Minority Entrepreneurs: Transnational Entrepreneurship and Bootstrap Capitalism

Teresa V. Menzies, Gabrielle A. Brenner and Louis Jacques Filion

Subjects: business and management, entrepreneurship, international business


Teresa V. Menzies, Gabrielle A. Brenner and Louis Jacques Filion* INTRODUCTION Comprehensive explanations of entrepreneurship must include the social context of behavior, especially the social relationships through which people obtain information, resources and social support. (Aldrich and Zimmer; 1986, p. 11) Ethnic networks have long been recognized as a vital component of success for the ethnic entrepreneur (for example, Aldrich and Zimmer, 1986; Bonacich et al., 1977; Boubakri, 1999; Deakins et al., 1997; Dhaliwal, 1998; Dyer and Ross, 2000; Iyer and Shapiro, 1999; Light, 1984; Peterson and Roquebert, 1993; Ram, 1994; Teixeira, 1998; Waldinger, 1988; Waldinger et al., 1990). Acting as an informal business incubator, ethnic networks nurture new businesses and assist in their growth by providing varying amounts of physical and intellectual resources (Greene and Butler, 1996; Greene, 1997). From the fledgling entrepreneur in a South Asian ethnic enclave in England to a venture-capital-funded, high-technology, transnational entrepreneurial team in Silicon Valley, each acquires a strong competitive advantage through the use of ethnic networks (Greene, 1997). Saxenian (1999) has studied the highly educated, transnational community of Chinese and East Indian immigrants who have started new technology businesses in Silicon Valley and found networks that help * This research was made possible thanks to a SSHRC Research Grant No. 412–98–0025. We gratefully acknowledge the assistance of Linda Lowry, Brock University, Charles Perreault and Charles Ramangalahy, HEC. An earlier version of this paper was presented at the Second Biennial McGill Conference on International Entrepreneurship: Researching New Frontiers McGill University, Montreal, Canada....

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