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Contrasting Entrepreneurial Economic Developments in Less-Developed Latin American Markets: Applications and Extensions of Resource-Based Theory

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Author Info

  • G. Page West III

    ()
    (Calloway School of Business, Wake Forest University)

  • Charles E. Bamford

    ()
    (McColl School of Business, Queens University of Charlotte)

  • Jesse W. Marsden

    ()
    (School of International Service, American University)

Abstract

Emerging economies face daunting economic development challenges. Economists and management consultants have generally suggested global solutions which typically focus solely on foreign direct investment. Yet a resource-based theory approach offers an alternative view that economic development in which a foundation of resources within an 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 important to develop. This paper extends the application of resource-based theory to entrepreneurial economic development in subsistence economies. A qualitative study of contrasting entrepreneurial activity in Chiapas (Mexico) and Atenas (Costa Rica) and the primacy of intangible resources – and especially entrepreneurial orientation resources – in the gestation of entrepreneurial activity.

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Bibliographic Info

Paper provided by McColl School of Business, Queens University of Charlotte in its series Discussion Paper Series with number 2008-03.

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Length: 39 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:msb:wpaper:2008-03

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Web page: http://mccoll.queens.edu/
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Related research

Keywords: Entrepreneurship; Resource-Based Theory;

References

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  8. Ingemar Dierickx & Karel Cool, 1989. "Asset Stock Accumulation and the Sustainability of Competitive Advantage: Reply," Management Science, INFORMS, vol. 35(12), pages 1514-1514, December.
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  18. Venkataraman, Sankaran, 2004. "Regional transformation through technological entrepreneurship," Journal of Business Venturing, Elsevier, vol. 19(1), pages 153-167, January.
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Cited by:
  1. José Ernesto Amoros & Christian Felzensztein & Eli Gimmon, 2011. "Entrepreneurial opportunities in peripheral versus core regions in Chile," Global Entrepreneurship Monitor Working Paper Series 1106, Global Entrepreneurship Research Association, revised Sep 2011.
  2. Kiss, Andreea N. & Danis, Wade M. & Cavusgil, S. Tamer, 2012. "International entrepreneurship research in emerging economies: A critical review and research agenda," Journal of Business Venturing, Elsevier, vol. 27(2), pages 266-290.

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