Working Paper Series in Economics and Institutions of Innovation,
Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: The general motivation for this paper is the current interest in globalization as a phenomenon that strongly affects the conditions of local economic development. Our purpose is to contribute to some of the current development aspects, in particular those that foster the evolution of entrepreneurs in local-global processes. We present four eras of globalization, in recent decades and which have been described as different aspects of globalization are not new at all. In conclusion, we stress that those global patterns of change that are observed, and reported in the media and by social scientists are the result of innumerable local processes driven by economic, political and social entrepreneurs in localities, regions, and nations all around the globe.

Keywords: Entrepreneurship; local economic development; globalization

JEL-codes: F10; M13; R11

19 pages, January 15, 2009

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