Globalization, entrepreneurship and paradox thinking
Shameen Prashantham (),
Mariya Eranova () and
Carole Couper ()
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Shameen Prashantham: China Europe International Business School
Mariya Eranova: University of Greenwich, Old Royal Naval College
Carole Couper: University of Glasgow
Asia Pacific Journal of Management, 2018, vol. 35, issue 1, 1-9
Abstract Globalization has been facing a backlash. By contrast, entrepreneurship has come to be seen as a panacea for economic development and generating jobs that are perceived to be under threat from globalization. In this Perspectives paper, our central argument is that globalization and entrepreneurship must be viewed holistically, recognizing that globalization is an enabler of important entrepreneurship outcomes. We argue that networks created as a byproduct of globalization facilitate various forms of entrepreneurship. Interpersonal networks (e.g., diasporas) facilitate transnational entrepreneurship which can, in turn, reduce institutional distance between locations. Interorganizational networks (e.g., MNE-orchestrated ecosystems) facilitate technology entrepreneurship which reinforces the institutional work that gives rise to new technological domains and fields. Intergovernmental and civil society networks facilitate social entrepreneurship which helps redress institutional voids. Thus globalization can be a force for good by enabling forms of entrepreneurship that enable important institutional change. We highlight the importance of paradox thinking, which is rooted in ancient Chinese philosophy, in transcending an either/or perspective of globalization and entrepreneurship.
Keywords: Globalization; Entrepreneurship; International entrepreneurship; Paradox thinking; Institutional change; Anti-globalization (search for similar items in EconPapers)
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