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Entrepreneurship and Local Economic Development - A Comparative Perspective on Entrepreneurs, Universities and Governments (Hardcover)
Loot Price: R3,920
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Entrepreneurship and Local Economic Development - A Comparative Perspective on Entrepreneurs, Universities and Governments (Hardcover)
Series: Routledge Studies in the Modern World Economy
Expected to ship within 12 - 17 working days
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This book focuses on the nature and role of entrepreneurship in
modern developed and emerging economies and societies, its relation
to governments and universities, and its role in the
often-forgotten informal economy. The aim is to position
entrepreneurship in the post-crisis context and explore how its
relation to universities and governments contributes to explain the
countries' and territories' growth performance and resilience or
vulnerability to the crisis. The accent is particularly on
processes and patterns at local level and in small and medium-sized
enterprises in local economic systems and districts, local systems
of innovation, and the types and configurations of innovation these
give origin to. With globalization, entrepreneurship has become
fundamental for the competitiveness of territories and countries,
for policy management and for development. The local dimension is
fundamental because of agglomeration economies and effects, the
advantages of proximity and the nature of knowledge and
information. Furthermore, territories carry to the centre-stage
tacit knowledge, localized social capital, embeddedness and
interpersonal relations as fundamental components of their
endogenous socio-economic development and competitiveness. When
local systems are connected in a horizontal network, they
contribute to the strength of national and international systems.
To play a constructive role from this perspective, entrepreneurship
must avoid local entrenchment and support the local economy to
upgrade and be competitive. To do this, the entrepreneurs'
interaction and alliance with universities and governments is a
must for those countries and localities wanting to emerge. This
requires that enterprises, universities and governments create
synergies and spill-overs to their mutual advantage.
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