Entrepreneurship in Emerging Regions Around the World
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Entrepreneurship in Emerging Regions Around the World

Theory, Evidence and Implications

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.
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Chapter 4: Institutional Entrepreneurship in the Emerging Regional Economies of the Western Balkans

Denise Fletcher, Robert Huggins and Lenny Koh


Denise Fletcher, Robert Huggins and Lenny Koh INTRODUCTION As evidenced in the monitoring and review efforts that have begun to feature in entrepreneurship inquiry (Sarasvathy, 2000; Entrepreneurship Theory and Practice, 2001; Journal of Management, 2003; Steyaert and Hjorth, 2003), significant progress has been made in identifying the range of theoretical resources for understanding how and why entrepreneurial activities ‘come about’ in various contexts. This work takes account of the characteristics of entrepreneurial activity in particular types of personalities, people, teams, cultures, neighbourhoods, communities, organizations, industries and economies of the world. Each emphasis has been important for facilitating a wide range of conceptual and methodological approaches to investigating entrepreneurial people, policies and practices. Each has been responsive to a range of disciplines to theorize this activity, indicating that entrepreneurship research has its intellectual roots in a variety of social science disciplines as illustrated by Swedberg (2000). This diversity of practice is further acknowledged in inquiries that investigate how entrepreneurial activities occur in different local or regional economic, social and cultural contexts. Here research efforts concentrate on examining the relationship between entrepreneurship and its expression in different social, economic milieu (Hjorth and Johannisson, 2003), communities (Johannisson, 1990), industrial districts (Amin, 1994; Pyke et al., 1990) and regional networks (Butler and Hanson, 1991). But over the last ten years or so the local or regional embeddedness of entrepreneurial activity has been overshadowed by the more recent ‘opportunity discovery’ line of inquiry in entrepreneurship research. The opportunity recognition frameworks...

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