2008
DOI: 10.1111/j.1540-6520.2007.00214.x
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Contrasting Entrepreneurial Economic Development in Emerging Latin American Economies: Applications and Extensions of Resource-Based Theory

Abstract: Emerging economies face daunting economic development challenges. Economists and management consultants have generally suggested global solutions that typically focus solely on foreign direct investment. Yet a resource-based theory approach offers an alternative view of economic development in which a foundation of resources within a region gestates entrepreneurial activity. While theoretically appealing, it is unclear in application how such resources can be developed or which types of resources are most impo… Show more

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Cited by 82 publications
(83 citation statements)
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“…This is supported by West et al [25], citing Malecki (1997) and Wiklund & Shepherd (2003), who suggest that knowledge resources are complex and encompass the 'know-how' and the 'know-what' related to a specific skill that is needed to identify opportunities in a specific market. Furthermore, West et al [25], citing Wright et al (1997), affirm that the 'know-how' and 'know-what' are related to markets and innovation capabilities, which are dimensions of starting up new ventures. West et al [25] add that technological resources that encompass intellectual property rights have become important to entrepreneurship.…”
Section: Knowledge Workersmentioning
confidence: 71%
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“…This is supported by West et al [25], citing Malecki (1997) and Wiklund & Shepherd (2003), who suggest that knowledge resources are complex and encompass the 'know-how' and the 'know-what' related to a specific skill that is needed to identify opportunities in a specific market. Furthermore, West et al [25], citing Wright et al (1997), affirm that the 'know-how' and 'know-what' are related to markets and innovation capabilities, which are dimensions of starting up new ventures. West et al [25] add that technological resources that encompass intellectual property rights have become important to entrepreneurship.…”
Section: Knowledge Workersmentioning
confidence: 71%
“…Emerging economies such as that of South Africa face daunting economic development challenges [25]. The positive relationship between entrepreneurship and economic growth, particularly in developed economies, is well documented.…”
Section: Introductionmentioning
confidence: 97%
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