front cover of Financing State and Local Economic Development
Financing State and Local Economic Development
Michael Barker, ed.
Duke University Press, 1983
The contributors discuss alternative methods of financing state and local economic development, including the role of venture capital in urban development, the role of banking institutions in encouraging the growth of small business, and the place of pension funds in economic growth.
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The Food Sharing Revolution
How Start-Ups, Pop-Ups, and Co-Ops are Changing the Way We Eat
Michael S. Carolan
Island Press, 2018
Marvin is a contract hog farmer in Iowa. He owns his land, his barn, his tractor, and his animal crates. He has seen profits drop steadily for the last twenty years and feels trapped. Josh is a dairy farmer on a cooperative in Massachusetts. He doesn’t own his cows, his land, his seed, or even all of his equipment. Josh has a healthy income and feels like he’s made it.

In The Food Sharing Revolution, Michael Carolan tells the stories of traditional producers like Marvin, who are being squeezed by big agribusiness, and entrepreneurs like Josh, who are bucking the corporate food system. The difference is Josh has eschewed the burdens of individual ownership and is tapping into the sharing economy.

Josh and many others are sharing tractors, seeds, kitchen space, their homes, and their cultures. They are business owners like Dorothy, who opened her bakery with the help of a no-interest, crowd-sourced loan. They are chefs like Camilla, who introduces diners to her native Colombian cuisine through peer-to-peer meal sharing. Their success is not only good for aspiring producers, but for everyone who wants an alternative to monocrops and processed foods.

The key to successful sharing, Carolan shows, is actually sharing. He warns that food, just like taxis or hotels, can be co-opted by moneyed interests. But when collaboration is genuine, the sharing economy can offer both producers and eaters freedom, even sovereignty. The result is a healthier, more sustainable, and more ethical way to eat.
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International Differences in Entrepreneurship
Edited by Josh Lerner and Antoinette Schoar
University of Chicago Press, 2010

Often considered one of the major forces behind economic growth and development, the entrepreneurial firm can accelerate the speed of innovation and dissemination of new technologies, thus increasing a country's competitive edge in the global market. As a result, cultivating a strong culture of entrepreneurial thinking has become a primary goal throughout the world.

Surprisingly, there has been little systematic research or comparative analysis to show how the growth of entrepreneurship differs among countries in various stages of development. International Differences in Entrepreneurship fills this void by explaining how a country's institutional differences, cultural considerations, and personal characteristics can affect the role that entrepreneurs play in its economy. Developing an understanding of the origins of entrepreneurs as well as the choices they make and the complexity of their activities across countries and industries are of central importance to this volume. In addition, contributors consider how environmental factors of individual economies, such as market regulation, government subsidies for banks, and support for entrepreneurial culture affect the industry and the impact that entrepreneurs have on growth in developing nations.

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Jua Kali Kenya
Change and Development in an Informal Economy, 1970–1995
Kenneth King
Ohio University Press, 1996
Kenya was where the term “informal sector” was first used in 1971. During the 1980s the term “jua kali” — in Swahili “hot sun” — came to be used of the informal sector artisans, such as carworkers and metalworkers, who were working under the hot sun because of a lack of premises. Gradually it came to refer to anybody in self-employment. And in 1988 the government set up the Jua Kali Development Programme.

In this remarkable book Kenneth King brings the subject alive through the photographs and life histories of jua kali people. He has also revisited, twenty years later, many of the artisans whom he interviewed exhaustively in the period from 1972 to 1974 and about whom he wrote in The African Artisan, one of the first full-length studies to be published on the informal sector.

For donors, NGOs, and national governments, the book offers many relevant examples, and some cautions, about what has been achieved by ordinary Kenyans, mostly without government support. It will prove equally valuable for students and teachers of development policy, technology policy, and education and training policies not least because of its superb bibliography of over 700 entries related to small enterprise development.
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Multinational Corporations and Local Firms in Emerging Economies
Edited by Eric Rugraff and Michael W. Hansen
Amsterdam University Press, 2011

In order for foreign direct investment to have deep and lasting positive effects on host countries, it is essential that multinational corporations have close direct and indirect interaction with local firms. A valuable addition to the emerging literature on multinational-local firm interfaces, this book provides a number of case studies from emerging economies that examine such mutually beneficial business relationships and the policy measures necessary to support them.

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Obliging Need
Rural Petty Industry in Mexican Capitalism
By Scott Cook and Leigh Binford
University of Texas Press, 1990

For centuries throughout large portions of the globe, petty agriculturalists and industrialists have set their physical and mental energies to work producing products for direct consumption by their households and for exchange. This twofold household reproduction strategy, according to both Marxist and neoclassical approaches to development, should have disappeared from the global economy as labor was transformed into a producer as well as a consumer of capitalist commodities. But in fact, during the twentieth century, only the United States and Britain seem to have approximated this predicted scenario. Tens of millions of households in contemporary Asia, Africa, and Latin America and millions more in industrialized capitalist economies support themselves through petty commodity production alone or in combination with petty industry wage labor.

Obliging Need provides a detailed and comprehensive analysis of small-scale peasant and artisan enterprise in the Oaxaca Valley of Mexico. The authors show how commodity production is organized and operates in different craft industries, as well as the ways in which it combines with other activities such as household chores, agriculture, wage labor, and petty commerce. They demonstrate how—contrary to developmentalist dogma—small-scale capitalism develops from within Mexico's rural economy.

These findings will be important for everyone concerned with improving the lives and economic opportunities of countryfolk in the Third World. As the authors make clear, political mobilization in rural Mexico will succeed only as it addresses the direct producers' multiple needs for land, credit, more jobs, health insurance, and, most importantly, more equitable remuneration for their labor and greater rewards for their enterprise.

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On My Own
Korean Businesses and Race Relations in America
In-Jin Yoon
University of Chicago Press, 1997
The Los Angeles riots shattered Korean immigrants’ naive belief in the American dream. As many as 2,300 Korean shopkeepers lost their lifetime investments in one day. Korean immigrants had struggled for years to become economically independent through small businesses of their own. However, the riots made them realize how fragile their economic base is because their businesses are dependent on the impoverished, oppressed, and rebellious classes.

In On My Own, In-Jin Yoon combines an intimate fieldwork account of Korean-black relations in Chicago and Los Angeles with extensive quantitative analysis at the national level. Yoon argues that a complete understanding of the contemporary Korean-American community requires systematic analyses of patterns of Korean immigration, entrepreneurship, and race relations with other minority groups. He explains how small business has become the major economic activity of Korean immigrants and how Korean businesses in minority neighborhoods have intensified racial tensions between Koreans and minorities like blacks and Latinos.

“A groundbreaking study of Korean-black relations. Yoon’s insights on immigration, entrepreneurship, and race relations significantly enhance our understanding of urban racial tensions.”—William Julius Wilson, Harvard University

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Recast Your City
How to Save Your Downtown with Small-Scale Manufacturing
Ilana Preuss
Island Press, 2021
Too many U.S. cities and towns have been focused on a model of economic development that relies on recruiting one big company (such as Amazon), a single industry (usually in technology), or pursuing other narrow or short-term fixes that are inequitable and unsustainable. Some cities and towns were changing, even before the historic retail collapse brought on by COVID-19. They started to shift to a new economic model that works with the community to invest in place in an inclusive and thoughtful way, with short-term wins that build momentum for long-term growth. A secret ingredient to this successful model is small-scale manufacturing.
 
In Recast Your City: How to Save Your Downtown with Small-Scale Manufacturing, community development expert Ilana Preuss explains how local leaders can revitalize their downtowns or neighborhood main streets by bringing in and supporting small-scale manufacturing. Small-scale manufacturing businesses help create thriving places, with local business ownership opportunities and well-paying jobs that other business types can’t fulfill.
 
Preuss draws from her experience working with local governments, large and small and illuminates her recommendations with real-world examples. She details her five-step method for recasting your city using small-scale manufacturing: (1) light the spark (assess what you can build on and establish goals); (2) find and connect (get out of your comfort zone and find connectors outside of your usual circles); (3) interview (talk to people and build trust); (4) analyze (look for patterns and gaps as well as what has not been said); and (5) act (identify short-term actions to help build long-term change). This work is difficult and sometimes uncomfortable, but necessary and critical for success. Preuss supports and inspires change by drawing from her work in cities from Knoxville, Tennessee, to Columbia, Missouri, to Fremont, California.
 
In Recast Your City, Preuss shows how communities across the country can build strong local businesses through small-scale manufacturing, reinvest in their downtowns, and create inclusive economic opportunity. Preuss provides tools that local leaders in government, business, and real estate as well as entrepreneurs and advocates in every community can use.
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front cover of Small and Medium-Sized Enterprises in the Global Economy
Small and Medium-Sized Enterprises in the Global Economy
Zoltan J. Acs and Bernard Yeung, Editors
University of Michigan Press, 1999
Entrepreneurship and globalization are two much-examined forces as we enter the new millennium--yet very little has been published on the intersection of small and medium-sized enterprises (SMEs) and the global economy. To close the gap, this volume delves into the intricate roles and consequences of such businesses on both global and domestic economies.
The first part of the volume provides an overview of the phenomenon of globalization, arguing that entrepreneurial discovery and technological change lead to globalization, which in turn leads to further opportunity for entrepreneurial discovery--no less for SMEs than for multinational corporations. In part two, the essays examine the role of SMEs in the global economy and why they are thriving. Part three reviews the roles of SMEs and innovators and examines their roles in direct foreign investment. Part four explores the role of technological diversity and knowledge spillovers as a way to explain the superior innovative performance of SMEs. Part five looks at the role of SMEs in technology transfer. Finally, part six examines the theoretical and policy implications of the international activities of SMEs, suggesting that policies should aim to reduce the costs in international expansion for SMEs.
This volume will provide the foundation for further study in SMEs and globalization. It will appeal to scholars and students in both international business and economics.
Zoltan J. Acs is Professor of Economics and Finance, University of Baltimore. Bernard Yin Yeung is Professor of International Business, University of Michigan.
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