| Popis: |
The paper envisages various aspects of entrepreneurship among which second generation entrepreneur- ship, intrapreneurship discussed in detail. This paper makes the case for Asian economies to promote entrepreneurship, intrapreneurship, innovation and technology develop- ment to ensure improvements and their translation into growth and well-being. The discussion is built around the distinction between catch-up (First generation entrepreneurship) and frontier entrepreneurship (Second generation entrepreneurship). The paper maps the Asian economies on this spectrum. Asia's high income economies are at the frontier end while most other econo- mies are at the catch-up end of the spectrum. PRC(People's republic of China) and India are in a special class with pockets of frontier innovation and entrepreneurship and the advantage of massive scale co-existing with vast areas of catch-up entrepreneurship. The paper draws on the experience within Asia and globally to derive lessons for the converging and non-converging economies of Asia There are positive signs that growth momentum in China, may be rebounding. Japanese new prime minister has promised measures to trigger growth. Similar to this, India has also ap- proved foreign direct investment in sectors which were earlier restricted to open market such as multi-brand retail and air- lines, which seems to revive its economy. The region is still fac- ing the same issues, recession due to Eurozone that impacted its growth in the past few years. Complications are too much; many of the Asian economies will have to deal with domestic and regional issues in the coming months which may have fur- ther bearing on their growth. |
