State and Entrepreneurs: Theory and Development

  • Naiem A. Sherbiny
  • Omaima M. Hatem
Part of the The Political Economy of the Middle East book series (PEME)


State and entrepreneurs have shaped economic activity and history throughout the world since the Industrial Revolution. The state affects the economy through its policies, while entrepreneurs affect the economy through their performance. Both logic and history demonstrate the interdependence of the two players, which do not always work in sync. When they do, a win-win outcome emerges to boost economic growth. When they are out of sync (win-lose) economic growth suffers. That delicate balance has prevailed for decades until shattered by the Great Depression.


Human Development Index Technical Progress Business Community Socialist Country Entrepreneurial Behavior 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Naiem A. Sherbiny and Omaima M. Hatem 2015

Authors and Affiliations

  • Naiem A. Sherbiny
    • 1
  • Omaima M. Hatem
    • 2
  1. 1.ArlingtonUSA
  2. 2.Edinburgh, ScotlandUK

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