Entrepreneurship and Local Development

Observer 204, February/March 1997
The adaptability of entrepreneurship to changing conditions is one of the major factors in the adjustment of economies to a new competitive environment, in line with a general trend towards decentralisation, both of business organisation and of government. The growth of small, independent but interdependent firms – a phenomenon based on local clusters and networks – has proven a vital element in this process.
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Last update: 18 November 2019

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