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Emerging Economies

In: Business and Management

Submitted By anna1992
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1042-2587 © 2008 by Baylor University

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Entrepreneurship in Emerging Economies: Where Are We Today and Where Should the Research Go in the Future
Garry D. Bruton David Ahlstrom Krzysztof Obloj

Emerging economies are characterized by an increasing market orientation and an expanding economic foundation. The success of many of these economies is such that they are rapidly becoming major economic forces in the world. Entrepreneurship plays a key role in this economic development. Yet to date, little is known about entrepreneurship in emerging economies. This introductory article to the special issue on entrepreneurship in emerging economies examines the literature that exists to date in this important domain. It then reviews the research that was generated as part of this special issue on this topic. The article concludes with a discussion of the critical future research needs in this area.

Introduction
The quantity and quality of entrepreneurship research has increased dramatically over the last 15 years. Today, entrepreneurship research is some of the most widely cited in the management discipline, with leading journals dedicated to its study and well-recognized conferences supporting its development. The methods employed and the theory foundations used in entrepreneurship today are consistent with mainstream management research. However, entrepreneurship research can still be critiqued as almost exclusively focused on North American and European research sites. The exploration of domains outside of these two developed economic regions remains extremely limited. In particular, little is known of entrepreneurship in emerging economies: economies that are increasingly moving to market orientation and seeking to rapidly advance economically. To illustrate, several East Asian economies with large ethnic Chinese populations are considered emerging. These

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