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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Innovation, Globalization and Firm Dynamics - Lessons for Enterprise Policy (Paperback)
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Innovation, Globalization and Firm Dynamics - Lessons for Enterprise Policy (Paperback)
Series: Routledge Studies in the Modern World Economy
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This book is about the relationship between firm dynamics,
innovation and globalization, the processes that are essential for
long term economic growth and welfare creation. This volume deals
with these three issues in three sections titled respectively:
entrepreneurship, new firm formation and growth;
productivity-innovation-growthnexus; globalization, multinational
firms and producers' dynamics. The book presents new studies
written by distinguished researchers in the field, who use
state-of-the-art methodologies and extensive sources of firm- and
plant-level longitudinal data to analyze and understand these major
economic issues facing modern economies. In the first section, the
book proposes two comprehensive introductory surveys which explore
in detail the underpinnings of entrepreneurship, new firm formation
and growth in advanced and developing countries. The second
fundamental issue, productivity-innovation and firm dynamics, is
approached by examining key drivers of selection mechanisms such as
size, scale elasticity, innovative efforts, financial fragility of
the firms, barriers to entry and exit, capital and financial market
distortions, institutional inefficiencies and other market
imperfections which affect the ability of firms to expand or enter.
The third section examines differences, linkages and intertwined
evolution of foreign and domestic firms in their dynamics of
survival and growth in different institutional contexts and
periods. Each chapter includes a detailed discussion of the
implications of the respective analyses for enterprise policy. In a
concluding chapter the overall implications for enterprise policy
of the analyses presented in the different chapters are drawn by
the Editors. This approach ensures that the book is integrated
around a coherent central theme in comprehensive framework. The
book responds to a growing concern among scholars, professionals,
and policy makers over the recent decades about firm ability to
survive and compete in a context of increasing globalization and
international competition. The approach adopted is both theoretical
and empirical with consideration of paradigmatic case studies in
Europe, Africa and Asia, providing new evidence on developed,
developing and transition economies in a comparative perspective.
The cases selected represent different levels of development,
different firms strategies and paths, with distinct outcomes. The
book is an essential reading for scholars and students concerned
with industry development, public policy and globalization, as well
as to all those involved professionally in such issues.
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