The Changing Global Economy and its Impact on International Entrepreneurship

The Changing Global Economy and its Impact on International Entrepreneurship

The McGill International Entrepreneurship series

Edited by Hamid Etemad, Stefano Denicolai, Birgit Hagen and Antonella Zuchella

The Changing Global Economy and its Impact on International Entrepreneurship addresses different changes and challenges which small and medium sized enterprises (SMEs) face in an economy where they need to compete at home and cannot refrain from participating in international markets. This volume presents a collection of 12 carefully selected chapters that highlight challenging real-world cases to illustrate a variety of difficult problems. The book presents an analytical framework with three levels of analysis – entrepreneurial level, firm level, and institutional level – to document comprehensive, realistic and experientially-based entrepreneurial initiatives, potent firm and public policy strategies with solid results.

Chapter 11: Institutional entrepreneurship and the embedded roles of leaders and state: an historical case study of Abu Dhabi

Jasem Almarri, Katariina Juusola and John Meewella

Subjects: business and management, entrepreneurship, international business

Abstract

The majority of institutional entrepreneurship studies focus on explaining the concept of institutional entrepreneurship through organizational factors with little reference to individual and state. This study explores how institutional entrepreneurship has shaped the development of Abu Dhabi from the 1960s until 2011. We argue that the process of development of Abu Dhabi has been the outcome of institutional entrepreneurial actions. The chapter utilizes a historical longitudinal study approach, combined with in-depth interviews. While the majority of research on institutional entrepreneurship concentrates on Western countries with established modern institutions, little is known about institutional entrepreneurship in contexts where modern institutions are absent. This research focuses on a setting in which all modern institutions were absent when the modernization of Abu Dhabi began in the 1960s. Our evidence shows that in this setting, institutional entrepreneurship manifested through an embedded form of state and individuals acting as institutional entrepreneurs and offering new insights into institutional entrepreneurship research.

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