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Chapter 14: International Entrepreneurship from Emerging Economies to Developed Economies: A Novel Theory for Entrepreneurship Education in China
14 International entrepreneurship from emerging economies to developed economies: a novel theory for entrepreneurship education in China HongLing Jiang and Dong Bian Introduction The research and education on international entrepreneurship (McDougall and Oviatt, 2000; Oviatt and McDougall, 1994) have experienced unprecedented development during the past two decades. However, what we observed is that more efforts have been dedicated to studies and teaching on how firms conduct entrepreneurial activities from developed economies (DE) to emerging economies (EE). Theoretically exploring and teaching on how firms originate from EE competitively establish their businesses in DE markets are rare. That is especially the case for firms that grow out of a fast-paced industry in China investing in the same industry of western developed countries with slow-paced industrial characteristics and sophisticated economic–social–political dynamics. The Chinese business context is culturally, socially and politically different from the western one. The industrialization processes of these two parties also exhibit distinct paths. These all imply that completely relying on theories and education models developed in western countries may not be a wise choice for Chinese firms and universities when they decide to go to the global market. Instead, Chinese firms and universities have to be innovative in international entrepreneurship management and teaching. It would be a smart move to try to recombine current knowledge with their own contextual characteristics to find their own ways of development. As an emerging country, China is undergoing a fundamental revolution. Some industries have been evolving so rapidly in the past three...
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