Organising development: Comparing the national systems of entrepreneurship in Sweden and South Korea

The dominant paradigms of economic development have created an artificial institutional division between spontaneous markets and instrumental states. Opposing policy agendas have evolved and remain entrenched. This article seeks to challenge both approaches by reconsidering the role of entrepreneurs...

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Bibliographic Details
Published in:The Journal of development studies 1994-07, Vol.30 (4), p.859-891
Main Authors: Chang, Ha-Joon, Kozul-Wright, Richard
Format: Article
Language:English
Subjects:
Development
Development Strategies
Econometrics
Economic Development
Economic policy
Entrepreneur
Entrepreneurs
Entrepreneurship
Korea, South
South Korea
Sweden
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Summary:The dominant paradigms of economic development have created an artificial institutional division between spontaneous markets and instrumental states. Opposing policy agendas have evolved and remain entrenched. This article seeks to challenge both approaches by reconsidering the role of entrepreneurship in economic development. Adopting an evolutionary perspective, it argues that a national system of entrepreneurship provides an appropriate framework for combining the creative and destructive processes inherent in entrepreneurship with the institutional diversity characteristic of successful economic development. The article illustrates this argument by comparing the development experiences of Sweden and South Korea.
ISSN:0022-0388
1743-9140
DOI:10.1080/00220389408422341