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How Globalization Sparked Entrepreneurship in the Developing World: The Impact of Formal Economic and Political Linkages

How Globalization Sparked Entrepreneurship in the Developing World: The Impact of Formal Economic and Political Linkages
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Author(s): Luis Alfonso Dau (Northeastern University, USA), Elizabeth M. Moore (Northeastern University, USA), Margaret A. Soto (Northeastern University, USA)and Cory R. LeBlanc (Northeastern University, USA)
Copyright: 2017
Pages: 20
Source title: Entrepreneurship: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-5225-1923-2.ch080

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Abstract

In light of globalization, the international business literature has focused on the economic impacts of interconnectedness resulting in new trade patterns, monetary and labor flows, and global governance. The political science literature has focused on the possibility of new liberal norms allowing for collective action and inter-state relations. While these two theoretical paths have been studied independently, less attention has been given to the interplay between them. Does the changing political environment impact multinational corporations, entrepreneurial activity, and firm performance? The purpose of this chapter is to understand and analyze entrepreneurship in emerging markets through the lens of intergovernmental organizations, global governance and geopolitics, and the changing nature of the over-arching political system. Through a case study of Peru, this chapter aims to provide theoretical insight to the discussion of entrepreneurship within emerging markets to better understand the global antecedents of entrepreneurial activity in order to propel economic development.

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