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The 2008 financial crisis and the COVID-19 pandemic have made the authorities to increasingly turn inward and use ethnocentrism, protectionism, and top-down approaches to guide policy on trade, competition, and industrial development. The continuing aftereffects of such policies range from the rise and seeming success of authoritarian states, rise of populist and protectionist trends, and evolving academic agendas inspiring the reemergence of top-down industrial policies across the world. This open access edited volume contains contributions from over 30 scholars with expertise in economics, innovation, management, and economic history. The chapters offer unique theoretical and empirical contributions discussing topics such as how industrial policies affect risk, incentives, and information for investments. They also address the policy perspectives on new technologies such as AI and its implications for market entry, the role for independent entrepreneurship in increasingly regulated markets, and whether governments should focus on market interventions or institutional capacity-building. Questioning the Entrepreneurial State initiates a much sought-after debate on the notion of an Entrepreneurial State. It discusses the dangers of top-down approaches to industrial policy, examines lessons from such approaches for future policy design, and calls attention to the progress of open and contestable markets in a sound economy and society. “Creative destruction, innovation and entrepreneurship are at the core of economic growth. The government has a clear role, to provide the basic fabric of a dynamic society, but industrial policy and state-owned companies are the boulevard of broken dreams and unrealized visions. This important message is convincingly stated in Questioning the Entrepreneurial State.” Anders Borg, former Minister of Finance, Sweden “Misreading the dynamism of American entrepreneurship, European intellectuals and policy makers have embraced a dangerous fantasy: catching up requires constructing an entrepreneurial state. This book provides a vital antidote: The entrepreneur comes first: The state may support. It cannot lead.” Amar Bhidé, Thomas Schmidheiny Professor of International Business, Tufts University “This important new book subjects the emergence of the entrepreneurial state, which reflects a shift in the locus of entrepreneurship from the individual to the public sector, to the scrutiny of rigorous analysis. The resulting concerns, flaws and biases inherent in the entrepreneurial state exposed are both alarming and sobering. The skill and scholarly craftsmanship brought to bear in this crucial analysis is evident throughout the book, along with the even, but ultimately consequential thinking of the authors. A must read for researchers and thought leaders in business and policy." David Audtretsch, Distinguished Professor, Ameritech Chair of Economic Development, Indiana University
Entrepreneurship --- Political economy --- Economics --- Business & management --- Economics of industrial organisation --- Market failure --- Innovation policy --- Protectionism --- Competition policy --- EU Green Deal
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Business failures --- Entrepreneurship --- New business enterprises
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With contributions from authors around the globe, Research Handbook of Entrepreneurial Exit explores this most important phenomenon in the entrepreneurial journey. This book presents a comprehensive review of the current issues in entrepreneurial exits, and provides theoretical and methodological insights for future research. It explores the historical perspective and discusses topics such as gender and exit, retirement, psychological barriers, emotional aspects, venture capital funding firm relocation and exit from social ventures.
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As the world emerges from the COVID-19 pandemic, this book explores current migration and integration challenges. Against the background of long-term migration trends, it asks whether the pandemic has changed the patterns observed, transformed the circumstances international migrants face at destination or whether the opportunities and challenges for integration have been altered. Twenty-four researchers have contributed to this volume with research attention on how COVID-19 has affected transnationalism and identity, labour market employment, and impacted the discrimination of migrants in a variety of ways. Loyalties and tensions created by the need to include also hesitant migrant groups in vaccination programmes are explored. The role of cosmopolitanism and welfare chauvinism in narratives on inward migrations flows, the stance of trade unions on migration, the complexities of implementing return policies, and the challenges faced by unaccompanied refugee youth from Afghanistan are also discussed. The book aims to provide a background to the future of migration, both in relation to the labour market and to society. It will be relevant to multi-stakeholders, students, and scholars interested in migration and integration as well as in the economic and social impact of Covid-19. Lin Lerpold is an Associate Professor at the Stockholm School of Economics. She is also director of the SIR Center for Sustainability Research and vice director of the Sustainable Finance Lab. She was the founding director of the Mistra Center for Sustainable Markets and her research focuses on various aspects of social sustainability. Örjan Sjöberg is a Professor of Economic Geography at the Stockholm School of Economics, where he is also affiliated with the SIR Center for Sustainability Research. He has a longstanding interest in issues at the intersection of migration, labour markets and urban growth. Karl Wennberg is a Professor at the Stockholm School of Economics and academic director of the House of Governance and Public Policy (GaPP). His current research deals with processes and outcomes related to organisational diversity, entrepreneurship and innovation policy, and education economics. His work has been published in a range of academic journals and books. .
Labor economics. --- Economics. --- Emigration and immigration—Social aspects. --- Economic policy. --- Social policy. --- Labor Economics. --- Political Economy and Economic Systems. --- Sociology of Migration. --- Socio-Economic Policy. --- National planning --- State planning --- Economic policy --- Family policy --- Social history --- Economic nationalism --- Economic planning --- Economics --- Planning --- National security --- Social policy --- Economic theory --- Political economy --- Social sciences --- Economic man
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How Fares the Entrepreneurial State? reviews theoretical rationales for mission-oriented innovation policy and provides an empirical overview of 30 articles which together cover 51 concluded or ongoing missions from around the world.
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In the three years that have passed since the first printing, the findings in this book have largely been substantiated. European labour markets and income patterns have kept developing in the ways described here. In fact, employment numbers are not only high, but are higher than they have been for decades in the EU as a whole. In Germany, the United Kingdom, Austria and Poland, they are at record levels. Italy and France are nearing the high levels enjoyed before the 2008 crisis. The US is an exception in the respect that employment rates are recovering but are still far from the levels of twenty years ago. Top-income shares have stayed at historically high levels in many countries and have even risen in countries such as Spain and Finland. There is an ongoing debate as to whether polarisation and the increasing capital share of income are in fact a result of increasing housing prices, more self-employment or changes in how intellectual property is treated in national accounts, rather than a result of digital technology and off-shoring. This book has been one of the most popular ELF publications, and the questions it addresses are even more relevant now. This is not a new edition – the analyses and conclusions remain unchanged – but with this reprint, ELF hopes to bring wider audiences into the debate. Nothing is revised in this printing, except this introduction.
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