Concluding remarks: The benefits of overcoming local liabilities

Abstract

This concluding chapter summarizes the main results emerging from the book, and highlights the positive aspects to the phenomenon of new forces arriving in an industrial territory. The term native entrepreneurship suggests that the culture of the incumbent community may no longer be the dominant one in the settlement context. This is because globalization endows the transnational communities with a position of strength and/or certain advantages. This chapter briefly summarizes the contributions emerging from the previous chapters. We consider the connections between the contributions, including identifying the most obvious liabilities, and assessing the related costs and the potential benefits. The main finding emerging from the book is that the relationship between native and immigrant entrepreneurship is challenging. The relationship is associated both with local liabilities and with great opportunities. Overcoming the separations between the communities in a settlement presents risks; however, it is necessary and can offer important benefits.