Entrepreneurship in Emerging Economies: Enhancing its Contribution to Socio-Economic Development

274 Pages·2017·5.24 MB·English

by  Jerzy Cieślik (auth.)

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
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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