Globalization now extends beyond markets for goods and finance into markets for technology, knowledge workers, and innovation finance. This paper asserts the existence of a widening gap between the rapidly growing global knowledge economy and the woefully inadequate institutional framework that...

Small and medium sized firms play an important role in the process of creative destruction. The focus of the paper is on the international diffusion of small and medium sized firms innovations. Small and medium sized firms face two challenges in globalization: property rights protection and...

Abstract: It is widely recognized that foreign direct investment (FDI) plays an important role in economic development. However, its impact on entrepreneurial activity has not been well researched. Internationalization theory is used to explore how inward FDI impacts entrepreneurial activity....