economic freedoms, entrepreneurship, and firm growth in emerging markets
TRANSCRIPT
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Economic Freedom of the Arab World ConferenceBeirut, Crowne Plaza Hotel, October 20 -21, 2011
Economic Freedoms, Entrepreneurship & Firm Growth
in Emerging Markets (EMs) Bahattin Karademir, Ph.D
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Contents Contents
• Institutions, Markets and Firm Growth in EMs
• Entrepreneurship and Firm Growth in Turkey • Latest Economic Freedom Data of Turkey
• Future Projections
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This Presentation This Presentation Draws From Draws From
`The Co-Evolution of the Institutional Environments and Internationalization Experiences of Turkish Internationalizing Firms’, Handbook of Institutional Approaches to International Business, forthcoming, (B.Karademir & A.Yaprak)
`The Emerging Market Multinationals’ Role in Facilitating Developed Country Multinationals’ Regional Expansion: A Critical Review of the Literature and Turkish MNC Examples`, Journal of World Business, 2011, 46(5): 438-446, (SSCI) (A.Yaprak & B. Karademir).
`The Internationalization of Emerging Market Business Groups: An Integrated Literature Review`, 2010, International Marketing Review, 2010, 27(2): 245-261, (SSCI) (A. Yaprak & B.Karademir). `How Do Business Groups Function and Evolve in Emerging Markets? The Case of Turkish Business Groups`, Advances in International Marketing, 2007, 17: 275-294 (A.Yaprak, B.Karademir & R.N. Osborn ).
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Dr. Khanna ‘s current research focuses on understanding the drivers of entrepreneurship worldwide.
As part of the Emerging Giants project, he seeks to understand how to build world-class companies from emerging markets worldwide.
In 2008 he published a book on entrepreneurship, “Billions of Entrepreneurs: How China and India are Reshaping their Futures and Yours”, in which he compares entrepreneurship in China and India
(see, http://hbswk.hbs.edu/item/5766.html)
Prof. Tarun Khanna Harvard Business School
What makes him so hopeful What makes him so hopeful about the future of India?about the future of India?
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The Institutional Setting & EntrepreneurshipThe Institutional Setting & Entrepreneurship
• Institutional environment defines and limits entrepreneurial opportunities:– Regulations and policies allocating resources
– Inadequate institutional environment can complicate new venture development
– More developed institutional environment with only restrictive regulation hampers firm founding
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The Institutional SettingThe Institutional Setting, Markets, and , Markets, and EntrepreneurshipEntrepreneurship
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Core Capabilities for Business GrowthWhich is more important in a free society?
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Entrepreneurship & Entrepreneurship & Firm Growth in Turkey Firm Growth in Turkey
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The Recovery to Nationhood Period The Recovery to Nationhood Period (1923 – 1930)(1923 – 1930)
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The State-centered Development Period The State-centered Development Period (1930 – 1950)(1930 – 1950)
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The Democratic Development Period The Democratic Development Period (1950 – 1960)(1950 – 1960)
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The Planned Period The Planned Period (1960 – 1980)(1960 – 1980)
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The Liberalization Period The Liberalization Period (1980 – 2000s) (1980 – 2000s)
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International Entrepreneurship & International Entrepreneurship & Firm GrowthFirm Growth
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Economic Freedoms in Turkey Economic Freedoms in Turkey
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Turkey, Country Data Table, 2000-2009
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Countries Showing The Greatest Improvement Countries Showing The Greatest Improvement
on Chain-Linked on Chain-Linked EFW Index, 2000-2009
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Future ProjectionsFuture Projections
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How to Nurture Entrepreneurship?How to Nurture Entrepreneurship?
Economic Freedoms
Political Freedoms
Cultural & Social Freedoms