ERIC Number: EJ761105
Record Type: Journal
Publication Date: 2007-Apr
Pages: 3
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-0950-4222
EISSN: N/A
Governance Frameworks for International Public Goods: The Case of Concerted Entrepreneurship
Andersson, Thomas; Formica, Piero
Industry and Higher Education, v21 n2 p125-127 Apr 2007
In the "participation age", emerging cross-border, transnational communities driven by innovation and entrepreneurship initiatives--in short, international entrepreneurial communities--give impetus to the rise of international public goods. With varying intensity, a non-voting international mobile public--still a small but an increasing fraction of the public as a whole--holds strong opinions on and seeks recognition of concerted entrepreneurship as a new type of public good that requires international provision. Concerted entrepreneurship has significant and positive economic impacts. It serves to reduce the barriers to and costs of communication between entrepreneurs of different countries and cultures. By enabling more effective and constructive combinations of complementary skills, concerted entrepreneurship produces positive synergy, or "strategic complementarities", from the efforts of different actors. This article discusses two forms of governance for international public goods, relation-based governance (mode 1) and rule-based governance (mode 2), and their cost implications. A serious focus on how modes 1 and 2 work, and under what circumstances they are effective, will send a powerful signal that policy makers are engaged in promoting competition between the two modes for the purpose of securing collective advantages from concerted entrepreneurship as an international public good. (Contains 1 figure and 1 note.)
Descriptors: Entrepreneurship, Economic Impact, Governance, International Cooperation, Schematic Studies, Utilities, Heuristics, Cost Effectiveness
IP Publishing Ltd. Available from: Turpin Distribution Services. Stratton Business Park, Pegasus Drive, Biggleswade, Bedfordshire, SG18 8TQ, UK. Tel: +44-1767-604957; Fax: +44-1767-601640; e-mail: subscriptions@turpin-distribution.com; Web site: http://www.turpin-distribution.com/
Publication Type: Journal Articles; Opinion Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A