Entrepreneurship and Economic Development: The People and their Environment

259 Pages·2021·1.771 MB·English

by  Steven G. Koven

Entrepreneurship and
Economic Development

Entrepreneurship and
Economic Development
The People and Their Environment
Steven G. Koven
LEXINGTON BOOKS
Lanham • Boulder • New York • London
Published by Lexington Books
An imprint of The Rowman & Littlefield Publishing Group, Inc.
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Copyright © 2021 The Rowman & Littlefield Publishing Group, Inc.
All rights reserved. No part of this book may be reproduced in any form or by any
electronic or mechanical means, including information storage and retrieval systems,
without written permission from the publisher, except by a reviewer who may quote
passages in a review.
British Library Cataloguing in Publication Information Available
Library of Congress Cataloging-in-Publication Data
Names: Koven, Steven G., author.
Title: Entrepreneurship and economic development : the people and their environment /
Steven G. Koven.
Description: Lanham : Lexington Books, 2021. | Includes bibliographical references
and index.
Identifiers: LCCN 2021018568 (print) | LCCN 2021018569 (ebook) |
ISBN 9781793649843 (cloth) | ISBN 9781793649850 (epub)
Subjects: LCSH: Entrepreneurship. | Economic development. | Environmental policy. |
Environmental protection.
Classification: LCC HB615 .K728 2021 (print) | LCC HB615 (ebook) |
DDC 338.9—dc23
LC record available at https://lccn.loc.gov/2021018568
LC ebook record available at https://lccn.loc.gov/2021018569
∞ ™ The paper used in this publication meets the minimum requirements of American
National Standard for Information Sciences—Permanence of Paper for Printed Library
Materials, ANSI/NISO Z39.48-1992.
This book is dedicated to my wife Andrea

Contents
List of Figures and Tables ix
Preface xi
Acknowledgment xiii
PART I: THE SETTING, STRATEGIES, AND THEORIES OF
DEVELOPMENT 1
1 The Economic and Governmental Setting 3
2 Strategies for Economic Development 25
3 Entrepreneurship Theories 53
PART II: ENTREPRENEURS AND THEIR ENVIRONMENT 83
4 Contemporary Entrepreneurs 85
5 The Educational and Legal Environment for Development 129
6 The Social and Political Environment for Development 161
PART III: DECLINE OF U.S. ENTREPRENEURIAL
DYNAMISM? 197
7 Challenges to U.S. Entrepreneurship 199
Bibliography 219
Index 239
About the Author 243
vii

List of Figures and Tables
FIGURES
Figure 4.1 Buffett vs. Dow 1957–1961 (in percentage) 104
Figure 6.1 Share of Immigrant High-Tech Entrepreneurs by MSA,
2011 (in percentage) 171
TABLES
Table 4.1 List of Twenty-Five Wealthiest Individuals in the World
(as of June 2020) 87
Table 4.2 Characteristics of Wealthiest Self-Made Entrepreneurs 89
Table 5.1 Highest Average Math, Science, Reading Scores,
PISA (2018) 146
Table 5.2 Highest Ranked Universities in the World (2020) 147
Table 5.3 Highest Ranked Universities in the World for Computer
Science (2020) 148
Table 6.1 Immigrant Founded Fortune 500 Companies, Founders,
Nationality, and Year of Founding 172
ix