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Why Do Some Nations Succeed While Others Fail? The Role of Culture and Regulations in Entrepreneurship and Innovation

In: Driving Complexity in Economic Development

Author

Listed:
  • Diego Gomez

    (Fundación ECSIM)

  • Sebastian Aparicio

    (Universitat Autònoma de Barcelona
    Universitat Autònoma de Barcelona)

  • David Urbano

    (Universitat Autònoma de Barcelona
    Universitat Autonoma de Barcelona)

Abstract

The theories of exogenous growth that prevailed in the first half of the twentieth century provided a fundamental understanding of countries’ growth process, establishing capital as the fundamental axis in this process. However, through literature analysis and empirical evidence, this chapter demonstrates that the fundamental factors in the growth process are technological progress, education, and specialization but fundamentally entrepreneurship. Countries with improvements in these indicators, such as Singapore, South Korea, Ireland, and Japan, have been able to achieve economic success.

Suggested Citation

  • Diego Gomez & Sebastian Aparicio & David Urbano, 2023. "Why Do Some Nations Succeed While Others Fail? The Role of Culture and Regulations in Entrepreneurship and Innovation," Springer Books, in: Driving Complexity in Economic Development, chapter 4, pages 101-135, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-34386-5_4
    DOI: 10.1007/978-3-031-34386-5_4
    as

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