Zoltan J. Acs

TL;DR: In this paper , the authors discuss economic development policy facing the burgeoning entrepreneurial ecosystem research and aim to answer four questions: how are entrepreneurial ecosystems different from regional innovation systems and clusters, two related frameworks that had been vastly popular among economic development policies prior to the rise of entrepreneurial ecosystems?

TL;DR: While a focus on the entrepreneurial ecosystem may seem a novel approach to development, it is consistent with and even complementary to older, more traditional development strategies as mentioned in this paper, and as developing economies move from centralized economies to market economies, enterprise and entrepreneurship become important.

TL;DR: In this article, the authors empirically examine how institutions interact to influence the informal entrepreneurship and find no relationship between regulatory institutions, normative institutions and the rate of informal entrepreneurship in innovation-driven countries.

TL;DR: In this paper, the authors present the Entrepreneurship-Philanthropy Cycle, which demonstrates the relationship between wealthy entrepreneurs, philanthropic contributions and economic opportunity, and suggest that both the internationalization of American foundations, and the growth of domestic philanthropy, can help developing countries offset social problems.

TL;DR: In this paper, the authors give a broad outline of globalization, the role of technology, and examine the role that small and medium-sized enterprises play in the global economy, focusing on foreign direct investment of small technology based firms.