The Emergence and Survival of High-Technology Ventures in Europe
Edited by Jan Ulijn, Dominique Drillon and Frank Lasch
Chapter 6: Are Human Capital and Culture the Key Factors in Explaining Intra-regional Differences? Novice Entrepreneurship and Geo-Cultural Context in the Walloon Region
6. Are human capital and culture the key factors in explaining intraregional diﬀerences? Novice entrepreneurship and geo-cultural context in the Walloon region Vincent Calay, Jean-Luc Guyot and Gilles Van Hamme INTRODUCTION Endogenous business creation (local entrepreneurship) is a crucial form of economic dynamism in a region. Against this background, the regional government of Wallonia developed its ‘Contract for the Future of Wallonia’ (February 2000) in order to promote local entrepreneurship. It is endorsed in the updated version of the contract (January 2005), the ‘Strategic Transversal Plan’ developed by the present Walloon Minister for the Economy and Employment (June 2005) and the plan ‘Priority Actions for the Future of Wallonia’ of the regional government (August 2005). Many examples have shown that eﬀective development policies cannot ignore the complexity and diversity of various situations, especially territorial ones. Therefore the subregional identities formed by the local networks, the resistance to change and the various forms of social organizations to be found throughout Wallonia have to be taken into account. To avoid the pitfall of uniformity in the measures and structures to be put in place to revitalize Walloon entrepreneurship, the Walloon Institute of Evaluation, Future Planning and Statistics (IWEPS)1 is currently developing a research programme on entrepreneurship in Wallonia. One of the main objectives is to understand the conditions and processes necessary for business venturing. The focus is on the link between structural, institutional and human mechanisms, and entrepreneurship. A number of questions concern IWEPS in particular: who are the...
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