Entrepreneurship in Emerging Economies: Enhancing its Contribution to Socio-Economic Development PDF
Preview Entrepreneurship in Emerging Economies: Enhancing its Contribution to Socio-Economic Development
JERZY CIESLIK ENTREPRENEURSHIP IN EMERGING ECONOMIES Enhancing its Contribution to Socio-Economic Development Entrepreneurship in Emerging Economies Jerzy Cieślik Entrepreneurship in Emerging Economies Enhancing its Contribution to Socio-Economic Development Jerzy Cieślik Center for Entrepreneurship Kozminski University Warsaw, Poland ISBN 978-3-319-41720-2 ISBN 978-3-319-41721-9 (eBook) DOI 10.1007/978-3-319-41721-9 Library of Congress Control Number: 2016958105 © The Editor(s) (if applicable) and the Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland To my Mother Acknowledgements In this book, I summarize the results of several years of research on entre- preneurship and entrepreneurship policies carried out at Kozminski University, Warsaw, Poland. Many topics and findings presented therein stem from collaborative research undertakings. I am particularly thank- ful to my colleagues: Professor Eugene Kaciak (Kozminski University and Brock University, Canada), Professor André van Stel (Kozminski University and Trinity College Dublin, Ireland) and Dianne H.B. Welsh (University of North Carolina Greensboro, USA). I wish to extend special thanks to Professors Izabela Koładkiewicz (Kozminski University), Jan Monkiewicz (Warsaw University of Technology) and Jerzy W. Pietrewicz (Warsaw School of Economics), whose comments on the early draft of the text have proven to be of great value. I have greatly benefited from discussions with Professor G.W. Kołodko (Kozminski University), particularly as he has allowed me to understand better the diversity of developmental issues confronting emerging economies in various parts of the globe. While drafting the final version of the book, I availed myself of the assistance and advice provided by several people. Małgorzata Dera reviewed subsequent drafts and offered comprehensive linguistic consul- tations and guidance, which helped me avoid various language pitfalls that a non-native English speaker can fall into when writing in the lingua franca of today’s world. Mariusz Łopaciński and Marta Sierant assisted vii viii Acknowledgements in the compilation and analysis of statistical data used for the purpose of creating numerous figures and tables presented in the book. Maya Nieścier offered her creativity and graphic skills in designing figures that reinforced the line of argument contained in the book. I wish to express my sincere gratitude to all of them. Nevertheless, the entire responsibility for the content of the book rests with the author. Konstancin-Jeziorna, Poland Jerzy Cieślik October 2016 Contents 1 Introduction 1 References 10 2 Essence of Entrepreneurship 13 2.1 Evolution of Views on the Nature and Role of Entrepreneurship 13 2.2 Entrepreneurship Research—Major Issues, Open Questions 19 2.3 Ambitious Entrepreneurship 31 2.4 Key Policy Lessons 36 References 38 3 Dimensions of Entrepreneurship 41 3.1 Introduction 41 3.2 Diversity of Small Businesses 43 3.3 Symptoms of Renaissance of Entrepreneurship 65 3.4 Entrepreneurship Outside the Business Sector 78 3.5 Key Policy Lessons 86 References 87 ix x Contents 4 Measuring Entrepreneurship: International Comparisons 91 4.1 How is Entrepreneurship Measured? 92 4.2 Measuring the Level of Total Business Activity 94 4.3 Measurement of Early-stage Entrepreneurial Activity 97 4.4 Entrepreneurship and the Stage of Socioeconomic Development 101 4.5 Entrepreneurship in European Transition Economies—A Comparative Perspective 105 4.6 Identifying the Segment of “True” Entrepreneurship 111 4.7 Multi-criteria Measurement of Entrepreneurial Activity 115 4.8 Key Policy Lessons 119 References 120 5 Entrepreneurship and Employment 123 5.1 Firms that Generate New Jobs—Main Directions of Research and Key Findings 124 5.2 Entrepreneurship and Employment—Measures and International Comparisons 130 5.3 Intermediary Forms between Employment and Employer Firm 141 5.4 Segmentation of the Microenterprise Sector 145 5.5 Quality of Jobs in the SME sector 148 5.6 Key Policy Lessons 151 References 154 6 Entrepreneurship and Innovation 157 6.1 Innovation as a Development Factor—Macroeconomic Perspective 158 6.2 Innovation—the Company and Industry Perspective 162 6.3 Diversity of Innovative Entrepreneurship 168 6.4 Innovation and Economic Development— An Emerging Economy Perspective 182 6.5 Key Policy Lessons 186 References 191 Contents xi 7 International Dimension of Entrepreneurship 195 7.1 International Entrepreneurship or International Small Business? 196 7.2 Who Generates Manufacturing Exports? 200 7.3 Role of Foreign Direct Investment (FDI) 203 7.4 Export-driven High-growth Firms 206 7.5 International Dimension of Innovative Entrepreneurship 207 7.6 Global Players from Emerging Economies 211 7.7 Key Policy Lessons 215 References 217 8 Entrepreneurship Policy: Towards an Integrated Framework 219 8.1 Rationale for Public Intervention in the Enterprise Sector—Market and System Failure 220 8.2 Objectives of Entrepreneurship Policy 223 8.3 Entrepreneurship Policy—A Systems Approach 235 8.4 Summary and Conclusion 255 References 256 Index 259
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