Social Science Working Paper

Office of Economics

Napier College or university

SOCIAL SCIENCE

WORKING NEWSPAPER

NO . thirty-three

Defining Entrepreneurship – Effects for ICT, Social Enterprise and Regional and Local Creation Policies.

Ronald W. McQuaid

May 2150

Department of Economics

Napier University

CULTURAL SCIENCE

WORKING PAPER

NO . 33

Defining Entrepreneurship – Implications for ICT, Social Enterprise and Regional and Local Development Procedures.

Ronald W. McQuaid

May 2000

( Ronald McQuaid

Series Publisher: Dr Ronald McQuaid

ISBN 1 873869 33 being unfaithful

Department of Economics

Napier University

Sighthill Court

Edinburgh EH11 4BN

UK

FAX 0131 447 3475

Summary

Many national, regional or local agencies have created policies to immediately support internet marketers so as to increase the number of businesses or aid the competition and development of existing small companies. This Operating paper thinks what is designed by the term entrepreneurship as well as the implications of such meanings for different policies in promoting entrepreneurship, including social entrepreneurship. These include mostly macro-level guidelines such as monetary stability, taxation and polices, together with regional and local policies focusing after advice, schooling, finance, technology transfer, markets access, physical infrastructure as well as the characteristics in the locality. 1 . Introduction

Entrepreneurship has been for ages been given the role in employment creation and economical development around the globe. For instance, the European Percentage Erikki Liikanen declared it happened in 1999 that the Eu needs to produce an ‘enterprise culture' as " entrepreneurship is at the top of the open public policy plan because there are very clear indications which a country's gumptiouspioneering, up-and-coming activity is linked to its economic wealth. ” Similarly in the UK the Chancellor with the Exchequer (1999) stated which the strategy from the government can be promoting economical stability, building a modern skill base, modernisation of work, capital and product markets with " the confidence of development and an enterprising tradition open to all”. Indeed a serious part of the Department of Operate and Industry's White Daily news on Competition (DTI, 1998) and OECD (1998) evaluations focus upon the need for fresh policies to promote enterprise plus the knowledge economic system.

In recent years greater attention is given to knowledge based businesses, often incorporating entrepreneurship and Information and Communication Technology (ICT) improvements, leading to look at the growth with the ‘knowledge' or ‘new' economic climate. For instance, the OECD (1997a) argued that the rise of intangible purchase is just taking care of of the broader move of advanced financial systems towards " knowledge-based economies” - financial systems which are straight based on the availability, distribution and use of understanding and info, in which ICT developments play a crucial function. The Western european Commission (2000) launched a " New Method for Jobs in the Knowledge Economy” in promoting employment and skills inside the " knowledge economy” and also to improve a connection to the internet and the use of information and communications technology. This can be based upon the estimate that by 2010 half of all jobs will probably be in companies that are either major producers or intensive users details technology products. Its insurance plan suggestions clearly link these types of developments to the encouragement of entrepreneurship in new solutions and businesses, particularly through fiscal policies rewarding risk taking (such as inventory options). Countrywide governments have shown substantial interest ‘capturing' in the potential economic affects of ICT and e-commerce for the benefit of their financial systems (e. g. Central Workplace of Information, 1998; Performance and Innovation Product, 1999). There are numerous overlapping companies and principles covered by the word ICT industrial sectors, such as knowledge,...

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