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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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Listed:
  • 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.

Suggested Citation

  • G. Page West III & Charles E. Bamford & Jesse W. Marsden, 2008. "Contrasting Entrepreneurial Economic Developments in Less-Developed Latin American Markets: Applications and Extensions of Resource-Based Theory," Discussion Paper Series 2008-03, McColl School of Business, Queens University of Charlotte.
  • Handle: RePEc:msb:wpaper:2008-03
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    References listed on IDEAS

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    4. 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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    Entrepreneurship; Resource-Based Theory;

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