Any business can be devastated virtually overnight by a new offering that is both better and cheaper. We call this strategy “Big Bang Disruption,” because its introduction signals the complete and often sudden re-invention of the industries it affects. This article describes the special...

Open innovation allows large organizations to collaborate across a wide ecosystem of potential partners, reducing risk and increasing the potential for successful disruptive products and services. In China, appliance giant Haier has experienced significant success using its HOPE platform, which...

This paper tries to analyse some important and present aspects of the European Union situation in the innovation activity, relatively to its main competitors on the global market: USA, Japan and China. The study shows that, although EU has been for many years behind USA and Japan and before...

This paper is a first attempt to apply a robust political economy framework to explain when Special Economic Zones (SEZs) can contribute to economic development. A robust political economy is one that channels the actions of self-interested individuals with limited information to promote...

What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory of institutional polycentrism and social network theory, we examine this question using data on 637 entrepreneurs from four different countries. We find the confluence of weak...

China has experienced extraordinary institutional and socio-economic changes after 1978, and its deepening reform to market-oriented economy since 1990s was also recognized as one the most significant factors to drive China's rise in the contemporary world. Although many aspects of China's...

The changes in the employment structure in rural China are studied with a focus on off farm self-employment. Data from the China Household Income Project surveys covering the same 14 provinces from 1988 to 2018 are used. We find that the proportion of adults in rural China with self-employment...

The changes in the employment structure in rural China are studied with a focus on off farm self-employment. Data from the China Household Income Project surveys covering the same 14 provinces from 1988 to 2018 are used. We find that the proportion of adults in rural China with self-employment...