Jump to ContentJump to Main Navigation
Pathways to Industrialization in the Twenty-First CenturyNew Challenges and Emerging Paradigms$
Users without a subscription are not able to see the full content.

Adam Szirmai, Wim Naudé, and Ludovico Alcorta

Print publication date: 2013

Print ISBN-13: 9780199667857

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199667857.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 January 2021

Entrepreneurship, Stages of Development, and Industrialization

Entrepreneurship, Stages of Development, and Industrialization

(p.373) 14 Entrepreneurship, Stages of Development, and Industrialization
Pathways to Industrialization in the Twenty-First Century

Zoltan J. Acs

Wim Naudé

Oxford University Press

Entrepreneurs play an important part in economic growth and development. Entrepreneurs are also vital in the process of structural change or industrialization, a process without which development is not possible. Entrepreneurial innovation leads to the reallocation of resources from the traditional (agricultural) sector to the modern (manufacturing) sector. There is substantial agreement that recovery after the 2008–09 global financial and economic crises and the challenge of climate change will require more, not less, of such entrepreneurial innovation. What is needed are quality jobs through low-carbon industrialization. There is now a growing rediscovery of industrial policy as being necessary to overcome a number of market failures that inhibit entrepreneurial innovation in job creation and low-carbon industrialization. This implies an industrial policy where the relationship between government and entrepreneurs (the private sector) is important.

Keywords:   entrepreneurship, industrialization, economic growth, economic development, climate change, low-carbon

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .