Chapter 13: Understanding international entrepreneurship through ethnic business: the case of Chinese business networking across the globe
Torben Bager INTRODUCTION The burgeoning literature on globalization has so far had limited impact on the way entrepreneurship scholars conceptualize the phenomenon they study. The predominant focus remains local, looking at how people at the local level capture business ideas and act to materialize them by means of a new firm. No doubt this is an important side of the story, but there is a pressing need to understand better the many ways in which the widening, deepening and speeding up of global interconnectedness influence how entrepreneurs, ideas and ventures move in time and space, i.e. conceptualizing how the local and global levels interact in the entrepreneurial process. Some steps forward have, though, been made in recent years. Entrepreneurship scholars interested in the globalization process, and researchers of international business with an open mind towards SMEs and global networking increasingly share an interest in the same field, frequently labelled International Entrepreneurship (for an overview, see McDougall and Oviatt, 2000). One way of moving ahead in this endeavour is through the study of immigrant business. Immigrant business is traditionally about people moving from one country to another and setting up businesses in the recipient countries. By doing so, immigrants carry financial and knowledge assets as well as their energy and talent from one country to another. In the old days most immigrants were poor and carried only limited financial assets, whilst nowadays a significant proportion of the immigrants carry substantial financial assets, with some countries like Canada deliberately attracting such business...
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