Entrepreneurship and Innovation in Evolving Economies

Entrepreneurship and Innovation in Evolving Economies

The Role of Law

Elgar Law and Entrepreneurship series

Edited by Megan M. Carpenter

Entrepreneurship and Innovation in Evolving Economies examines the role of law in supporting innovation and entrepreneurship in communities whose economies are in transition. It contains a collection of works from different perspectives and tackles tough questions regarding policy and practice, including how support for entrepreneurship can be translated into policy. Additionally, this collection addresses more concrete questions of practical efficacy, including measures of how successful or unsuccessful legal efforts to incentivize entrepreneurship may be, through intellectual property law and otherwise, and what might define success to begin with.

Chapter 1: Introduction

Megan M. Carpenter

Subjects: business and management, entrepreneurship, development studies, law and development, law - academic, law and development


Megan M. Carpenter In the book Creativity, Law, And Entrepreneurship,1 I discussed growing up with the comforting undertones of the mine reports on radio stations in Appalachia in the 1970s. “Loveridge, will work. Blacksville, will work. Sentinel, will work.” For a mining community, the mine reports provided announcements for the workers as to which coal mines (and therefore, which coal miners) would and would not work on any given day. More indirectly, those reports served as an indicator of economic vitality. There was a comfort in hearing those reports in the mornings. There was stability in the mines. Men would set their career path at the age of 18 or 19, and they were thereafter part of a much larger economic engine. Eventually, however, the economic climate shifted. Mechanization of mining activity created less demand for workers. The mine reports did not report “will work” as often. Eventually, the reports stopped altogether. The small town where I grew up is like thousands of other communities in the United States. This small town had in its boom been dependent upon primary and secondary sector industries—specifically, mining and manufacturing. Because of a decrease in traditional industry, the economy of the town at large began to suffer; this problem was exacerbated in the downtown area when a shopping mall was built outside city limits. By the time I was growing up, the town seemed much closer to bust than boom. The tales recounted to me by my grandmother, tales of a...