Abstract
Abstract This research deepens the existing literature on the local nature of the globalization of business. The authors argue for a comparative perspective in the study of small business in China and the U.S. At the same time, we investigate the roles of institutions and human capital in local economic development. The analysis of these phenomena are conducted based on a geographic perspective, since the desire for wealth and entrepreneurial motives may be universal, but national and regional realities and cultural differences can influence the choice and success of methods to initiate and promote small businesses.
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