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Entrepreneurship and Local Economic Development

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Entrepreneurship and Local Economic Development Synopsis

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.

About This Edition

ISBN: 9780367586188
Publication date:
Author: Bruno Dallago, Ermanno Tortia
Publisher: Routledge an imprint of Taylor & Francis
Format: Paperback
Pagination: 348 pages
Series: Routledge Studies in the Modern World Economy
Genres: International economics
Personnel and human resources management
Research and development management
Public ownership / nationalization
Business mathematics and systems
Sales and marketing
Development economics and emerging economies
Political economy
International business
Regional / International studies
Development studies
Higher education, tertiary education
Politics and government

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