Innovation and entrepreneurship in the global economy

Much of the discussion about globalization has been held at a rather superficial macro-economic level. Discussions about globalization dealing with the meso- and micro-economic level, i.e. the level of regions and companies, have been much less common. Many of the discussions of globalization at the meso- and micro-economic level have also been biased in the sense that they have only given a partial picture. One obvious example is that discus¬sions of the role of innovation and entrepreneur¬ship have tended to use a narrow definition of entrepreneurship equal to the start-up of new companies and as a result ignored the high degree of innovation and entrepreneurship within many incumbent companies. The purpose of this paper is to contribute to the meso- and micro-economic literature on innovation and entrepreneurship in the global economy.