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Introduction

Amir Emami Orcid Logo, Esin Yoruk Orcid Logo, Andrew Johnston Orcid Logo, Andrea Caputo Orcid Logo, Paul Jones Orcid Logo

Destructive Entrepreneurship in Emerging Markets, Pages: 1 - 12

Swansea University Author: Paul Jones Orcid Logo

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DOI (Published version): 10.1007/978-981-96-0112-7_1

Abstract

This book explores the dual nature of entrepreneurship, revealing how it can either drive economic advancement or perpetuate harm, largely influenced by institutional contexts. Leveraging Baumol’s (1990) framework that differentiates between productive, unproductive, and destructive entrepreneurship...

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Published in: Destructive Entrepreneurship in Emerging Markets
ISBN: 9789819601110 9789819601127
Published: Singapore Springer Nature Singapore 2025
Online Access: https://doi.org/10.1007/978-981-96-0112-7_1
URI: https://cronfa.swan.ac.uk/Record/cronfa69206
first_indexed 2025-04-02T07:21:36Z
last_indexed 2025-04-03T06:17:12Z
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spelling 2025-04-02T08:21:34.8103392 v2 69206 2025-04-02 Introduction 21e2660aaa102fe36fc981880dd9e082 0000-0003-0417-9143 Paul Jones Paul Jones true false 2025-04-02 CBAE This book explores the dual nature of entrepreneurship, revealing how it can either drive economic advancement or perpetuate harm, largely influenced by institutional contexts. Leveraging Baumol’s (1990) framework that differentiates between productive, unproductive, and destructive entrepreneurship, we focus our analysis on emerging markets that struggle with institutional voids—characterized by weak regulations, pervasive corruption, and substantial informal sectors—that encourage rent-seeking behaviors. In contrast to advanced economies, where institutional mechanisms can mitigate short-term harms, weaker institutions in emerging markets exacerbate the prevalence of destructive entrepreneurship. This perpetuates a cycle of unproductive resource allocation, heightening inequality, market distortions, and systemic inefficiencies. Employing qualitative and econometric methodologies, the chapters unpack various drivers of harmful entrepreneurship, including survival-driven informality, gaps in education, hierarchical networks, and governance failures. By addressing a critical gap in the existing literature, this volume highlights how institutional deficiencies shape entrepreneurial outcomes in emerging economies, revealing diverse factors and their implications across different contexts. Furthermore, by illuminating the complex interplay between institutional environments and entrepreneurial behavior, the book offers actionable insights for policymakers and scholars. These insights can help realign incentives towards productive ventures, ultimately fostering equitable and sustainable development in resource-constrained settings. Book chapter Destructive Entrepreneurship in Emerging Markets 1 12 Springer Nature Singapore Singapore 9789819601110 9789819601127 Destructive Entrepreneurship 1 4 2025 2025-04-01 10.1007/978-981-96-0112-7_1 https://doi.org/10.1007/978-981-96-0112-7_1 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University Not Required 2025-04-02T08:21:34.8103392 2025-04-02T08:19:25.3315374 School of Management Business Amir Emami 0000-0002-2680-8628 1 Esin Yoruk 0000-0001-5795-2369 2 Andrew Johnston 0000-0001-5352-9563 3 Andrea Caputo 0000-0003-2498-182x 4 Paul Jones 0000-0003-0417-9143 5
title Introduction
spellingShingle Introduction
Paul Jones
title_short Introduction
title_full Introduction
title_fullStr Introduction
title_full_unstemmed Introduction
title_sort Introduction
author_id_str_mv 21e2660aaa102fe36fc981880dd9e082
author_id_fullname_str_mv 21e2660aaa102fe36fc981880dd9e082_***_Paul Jones
author Paul Jones
author2 Amir Emami
Esin Yoruk
Andrew Johnston
Andrea Caputo
Paul Jones
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institution Swansea University
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publisher Springer Nature Singapore
college_str School of Management
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url https://doi.org/10.1007/978-981-96-0112-7_1
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description This book explores the dual nature of entrepreneurship, revealing how it can either drive economic advancement or perpetuate harm, largely influenced by institutional contexts. Leveraging Baumol’s (1990) framework that differentiates between productive, unproductive, and destructive entrepreneurship, we focus our analysis on emerging markets that struggle with institutional voids—characterized by weak regulations, pervasive corruption, and substantial informal sectors—that encourage rent-seeking behaviors. In contrast to advanced economies, where institutional mechanisms can mitigate short-term harms, weaker institutions in emerging markets exacerbate the prevalence of destructive entrepreneurship. This perpetuates a cycle of unproductive resource allocation, heightening inequality, market distortions, and systemic inefficiencies. Employing qualitative and econometric methodologies, the chapters unpack various drivers of harmful entrepreneurship, including survival-driven informality, gaps in education, hierarchical networks, and governance failures. By addressing a critical gap in the existing literature, this volume highlights how institutional deficiencies shape entrepreneurial outcomes in emerging economies, revealing diverse factors and their implications across different contexts. Furthermore, by illuminating the complex interplay between institutional environments and entrepreneurial behavior, the book offers actionable insights for policymakers and scholars. These insights can help realign incentives towards productive ventures, ultimately fostering equitable and sustainable development in resource-constrained settings.
published_date 2025-04-01T08:22:24Z
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