Entrepreneurship in Emerging Regions Around the World

Entrepreneurship in Emerging Regions Around the World

Theory, Evidence and Implications

Batten Entrepreneurship series

Edited by Phillip H. Phan, Sankaran Venkataraman and S. Ramakrishna Velamuri

The contributors to this book look at the phenomenon of entrepreneurship in emerging regions in India, China, Ireland, Eastern Europe, North and South America, and North and South-East Asia. The organization is designed to take the reader from a general framework for understanding the relationship between economic development and entrepreneurship to more specific examples of how entrepreneurs and their firms respond to the opportunity and threats that are dynamically evolving in such places. The book represents the first serious attempt to suggest new theoretical frameworks for understanding the emergence of entrepreneurship in regions that do not have all of the classical prerequisites (such as financial and human capital, favorable geography, institutional infrastructures, and so on) predicted in extant development models.

Chapter 1: The Dynamics of an Emerging Entrepreneurial Region in Ireland

Frank Roche, Rory O’Shea, Thomas J. Allen and Dan Breznitz

Subjects: business and management, entrepreneurship


Frank Roche, Rory O’Shea, Thomas J. Allen and Dan Breznitz INTRODUCTION I don’t think it’s coincidence that Ireland and Dell share the same character and connection. Every success we have achieved around the world has been due to the old Irish recipe of big dreams, hard work and strong relationships. At the heart of both the Irish and Dell character is big dreams, a passion for building and re-building and the tenacity to adapt to challenging circumstances. Michael Dell, Chairman of Dell, University of Limerick, 2002 Central to Ireland’s economic development is its ability to grow its own enterprises businesses that are grounded in value-added products and services that can be exported. Enterprise Ireland Annual Report, 2003 There is a growing recognition among policy makers of the need to place more emphasis on knowledge creation and knowledge exploitation, and specifically on technology-based entrepreneurship, which converts new scientific discoveries into new opportunities (Phan and Foo, 2004). An important feature of these clusters is that knowledge-intensive production and urban places provide the central focal point for entrepreneurship activity to emerge (Feldman, 2005). Economic development is increasingly linked to a nation’s ability to acquire and apply technical and socio-economic knowledge and the process of globalization is accelerating this trend. Since the early 1980s a large amount of research has been devoted to industrial clusters and their dynamics. In recent years a subset of individual creativity and entrepreneurial-based knowledge-intensive clusters generated a great deal of attention in the literature (Phan, 2004; Acs...

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