Audretsch, David B.; Sanders, Mark - Max-Planck-Institut für Ökonomik <Jena> - 2007
This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial … model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a … varieties which corres-pond to the early stage of the product life cycle. Moreover, because entrepreneurs serve as agents that …