Globalization boosts the process of market predictions in the pursuit of economic growth. When economic, political, and social forces gain traction by promoting policies and the climate favoring globalization, entrepreneurial results reach out. Policymakers are still searching for a context within which regional policies can be structured to foster long-term entrepreneurship opportunities. The literature on entrepreneurial phenomena is incomplete and uncertain as to how globalization forces establish a nonlinear mechanism to promote the entrepreneurial process. This study provides the basic context for identifying globalization forces to create a nonlinear effect on the entrepreneurial process in order to address this problem. The results propose that policymakers strengthen the social and political dimension of globalization to increase opportunities-based entrepreneurship.
The increasing world population has placed tremendous pressure on global production systems, which has created a disjoint between the production and sustainability related goals of this sector. Several studies have confirmed this notion via Environmental Kuznets Curve, but this study envisages proposing a possible solution. It is hypothesized that competitive supply chain ecosystems (cluster development & production process sophistication) could help in reducing growth based CO2 emissions globally. An assessment of 135 countries between 2008 and 2018 is conducted. The estimates showed that the supply chain competitiveness has the potential in greenification of our production systems. Here indicators like value chain breadth and cluster development can reduce the CO2 emissions at each production level. Further regions from the geographic map, like North America and Asia Pacific, can adopt a green supply chain from other regions.
Industrial competitiveness could be achieved through policies reforms favoring globalization process. The reality, however, is two-folded. Initially, government policies restrict globalization and impose barriers to trade, restrict social and political activities. Structural reforms become inevitable to remain in the competition. Local resources, human capital, infrastructure, education and health facilities should be transformed. It is done through deploying a flexible structure that is adapting social, political and economic changes coming from the globalization process in order to make the local industry competitive. This paper argues that beneficiaries of globalization earn this status through strategizing and processing their resources into a competitive position. This gap is covered by empirically investigating the U-shaped relationship between globalization and competitiveness. Furthermore, categorizing the selected countries into under or over globalized nations.
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