Entrepreneurship and economic development: a framework for policy. (11th May 2004) - Wren, Colin
Many countries pursue competitiveness measures, but the proliferation of initiatives has given economic development policy an ad hoc appearance. This paper develops a framework in which this policy and these initiatives can be structured. It has at its heart the enterpreneurial process; the dissemination and take-up of new innovations; and the exploitation of the new industrial organisational forms. Recent advances in the digital ICT are considered in relation to the last of these stages. While no taxonomy of current economic development policy is undertaken, it is argued that the competitiveness measures represent a movement up these stages, from industrial development to entrepreneurship, and that there have been further policy shifts at the first stage.