Current Issues in International Entrepreneurship
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Current Issues in International Entrepreneurship

Edited by Hamid Etemad, Tage Koed Madsen, Erik S. Rasmussen and Per Servais

The young field of international entrepreneurship is rapidly expanding in scope and complexity, as increasingly more companies across the world compete to gain a larger global market share and attract consumers both at home and abroad. This book, the fifth volume in the McGill International Entrepreneurship series, brings together 29 scholars and practitioners to explore the contemporary issues, evolving relations and dynamic forces that are shaping the new emerging entrepreneurial system in international markets. It examines entrepreneurial efforts and relations in many firms embedded in and constrained by different national and corporate cultures of their own and offers expert recommendations for further research, better managerial practice and more effective public policy approaches.
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Chapter 7: Entrepreneurship and the institutional context: dynamics of development of the locally owned generic pharmaceutical industry in Bangladesh

Md. Noor Un Nabi and Utz Dornberger


Conventional state-to-state international trade has lost much of its efficacy and importance in the new century to the point that states have been increasingly replaced by different types of firms. Such fundamental changes in the mode of economic relationships have been facilitated by an increasing trend of harmonization of economic protocols at the global level, which are being adopted and adapted rapidly at national levels as well. Nations, irrespective of being developed or developing, are creating interdependent trade relationships with multiple counterparts with different motives which include both resource seeking and market seeking (Dunning, 1993). Such efforts are initiated and carried by two actors – international entrepreneurs and international firms. Oviatt and McDougall (2005) describe international entrepreneurship as the discovery, enactment, evaluation and exploitation of opportunities across national borders that create future goods and services. The most visible embodiment of international entrepreneurship is the firms that are active in developing, mobilizing and exploiting resources of different types and origins in order to exploit specific opportunities across the borders.

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