Linking cities and entrepreneurship

Posted by Dr Olmo Silva, SERC and LSE Since the writings of Marshall and Schumpeter around a hundred years ago, entrepreneurs are considered a crucial ‘ingredient’ in promoting and sustaining economic growth. Paradoxically, the link between local entrepreneurship and economic dynamism is even more pronounced in today’s highly globalized world – dense local clusters of entrepreneurship are the real powerhouses of local modern economies, capable of leveraging knowledge spillovers and agglomeration forces to produce the ‘next big thing’ and project it into a global reach.