Entrepreneurship has been a powerful source of economic growth and technological vitality in many parts of the world. We discuss the impact contextual factors (e.g. government policies and culture) have on entrepreneurial activity, as well as the critical role played by institutions. The need for trust and the acceptance of the legitimacy of new ideas are expanded upon. Entrepreneurship is also seen as a potent force for moderating the inequities created by globalization, and for fostering social (and technological) justice. Special attention is paid to entrepreneurship in emerging nations, particularly China and India.
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