Chapter 23


1. B. M. Oviatt and P. P. McDougall, “Toward a Theory of International New Ventures”, Journal of International Business Studies 25(1) (1994): 45–64; T. K. Madsen and P. Servais, “The Internationalization of Born Globals: An Evolutionary Process?” International Business Review 6(6)(1997): 561–83; M. W. Rennie, “Global Competitiveness: Born Global”, The McKinsey Quarterly 3(1993): 45–52.

2. J. B. Say, Catechism of Political Economy (London, 1816).

3. F. H. Knight, Risk, Uncertainty and Profit (Boston: Houghton Mifflin, 1921).

4. Athreya Suma, “Economic Adversity and Entrepreneurship Led Growth: Lessons from the Indian Software Sector”, UNU Merit WP 2010-007 (2010), available at, last accessed on 12 September ...

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