Beyond Ethnic Entrepreneurship: Ethnicity and the Economy in Enterprise
Since the 1970â€™s, the increase in business ownership has been especially noteworthy among ethnic groups in the United States (Light 1972; Light and Bonacich 1988; Waldinger et al. 1990). Some ethnic minority groups, such as Koreans and Cubans, are even characterized as â€œentrepreneurialâ€ because their rates of business-ownership participation far exceed that of other groups. Ethnic affiliation, however, does not explain the marginal rates of business ownership among some ethnic groups, such as Mexicans; or entrepreneurship among â€œnon-ethnicâ€ groups â€“ groups not readily identified with their ancestral heritage â€“ such as US-born â€œwhitesâ€. Actually, by definition, ethnic entrepreneurship is limited to ethnic groups and often to those groups with above-average participation rates. And while ethnic entrepreneurship may be associated with economic mobility, group participation rates do not capture this relationship. To address these concerns the present study explores entrepreneurship from a new angle. I introduce an economic sociology approach to entrepreneurship to theoretically and empirically develop the ethnic entrepreneurship perspective. Theoretically, I apply Polanyiâ€™s (1944; 1992) conceptualization of the modern market economy to entrepreneurial activity. Following Polanyi (1944; 1957), I argue that the economic system of a given society is distinguished by three forms of economic integration -- market exchange, reciprocity, and redistribution (Polanyi 1944; 1992). Under capitalism, the market exchange relationship is the primary form of economic integration in a market economy (1992:35). Alongside the market exchange relationship are two secondary forms of economic integration, reciprocity and redistribution. These three interdependent forms of economic integration constitute relationships found in the market economy that contribute to its maintenance.
|Date of creation:||17 Jan 2003|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.escholarship.org/repec/usmex/|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Borjas, George J & Bronars, Stephen G, 1989.
"Consumer Discrimination and Self-employment,"
Journal of Political Economy,
University of Chicago Press, vol. 97(3), pages 581-605, June.
- Barry R. Chiswick, 1974. "Income Inequality: Regional Analyses within a Human Capital Framework," NBER Books, National Bureau of Economic Research, Inc, number chis74-1, March.
- George J. Borjas, 1986.
"The Self-Employment Experience of Immigrants,"
NBER Working Papers
1942, National Bureau of Economic Research, Inc.
- Evans, David S & Jovanovic, Boyan, 1989. "An Estimated Model of Entrepreneurial Choice under Liquidity Constraints," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 808-27, August.
When requesting a correction, please mention this item's handle: RePEc:cdl:usmexi:qt8c8206b6. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lisa Schiff)
If references are entirely missing, you can add them using this form.