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 5: The Role of Government in the Formation of Late Emerging Entrepreneurial Clusters of India

Kavil Ramachandran and Sougata Ray


Kavil Ramachandran and Sougata Ray INTRODUCTION Developing countries, eager to catch up on industrialization, have identified industries based on information technology (IT) as a major growth driver. It is in this context that the recent interest in industrial clusters as a means to accelerate regional development, particularly after the boom in the IT industry in Silicon Valley, has to be viewed (Sturgeon, 2003). At the same time, efforts by several states and countries to recreate Silicon Valleys have had mixed results. Why does it happen so? Are such clusters human made? Is their growth a natural phenomenon or can it be catalyzed? If so, how and how much? Knowledge drawn from manufacturing industries or other service industries provides only partial answers. This is true in the Indian context as well. Unfortunately, though many scholars have tried to explain why India could emerge as an IT superpower, little has been said on how and why successful IT clusters have been formed in some cities such as Hyderabad and what needs to be done to sustain and replicate the success. This chapter attempts to provide some initial explanation to this complex process. While most studies on clusters reveal the history and factors that assisted the formation of clusters, a key challenge, often not discussed is whether it is possible to compress the time normally and naturally taken to form clusters and, if so, how. This insight is particularly important now since time has become a critical success factor for both...

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