Contrasting Entrepreneurial Economic Development in Emerging Latin American Economies: Applications and Extensions of Resource-Based Theory

22 Pages Posted: 19 Dec 2007

See all articles by G. Page West

G. Page West

Wake Forest University

Charles E. Bamford

University of Richmond - E. Claiborne Robins School of Business

Jesse W. Marsden

affiliation not provided to SSRN

Abstract

Emerging economies face daunting economic development challenges. Economists and management consultants have generally suggested global solutions that typically focus solely on foreign direct investment. Yet a resource-based theory approach offers an alternative view of economic development in which a foundation of resources within a region gestates entrepreneurial activity. While theoretically appealing, it is unclear in application how such resources can be developed or which types of resources are most important to develop. This paper extends the application of resource-based theory to entrepreneurial economic development in subsistence economies. A qualitative study of contrasting entrepreneurial activity in Chiapas (Mexico) and Atenas (Costa Rica) highlights the primacy of intangible resources and especially entrepreneurial orientation resources in the gestation of entrepreneurial activity.

Suggested Citation

West, G. Page and Bamford, Charles E. and Marsden, Jesse W., Contrasting Entrepreneurial Economic Development in Emerging Latin American Economies: Applications and Extensions of Resource-Based Theory. Entrepreneurship Theory and Practice, Vol. 32, No. 1, pp. 15-36, January 2008. Available at SSRN: https://ssrn.com/abstract=1073244 or http://dx.doi.org/10.1111/j.1540-6520.2007.00214.x

G. Page West (Contact Author)

Wake Forest University ( email )

School of Business
1834 Wake Forest Road
Winston-Salem, NC 27106
United States

Charles E. Bamford

University of Richmond - E. Claiborne Robins School of Business ( email )

Richmond, VA 23173
United States

Jesse W. Marsden

affiliation not provided to SSRN

No Address Available

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