Entrepreneurial policies and the innovation balance matrix: the case of the Arab countries, Dr Adli Abouzeedan, Prof. Michael Busler

Dr Adli Abouzeedan
Breyer State University
Sweden
Professor Michael Busler
Rowan University
United States
Abstract/Summary: The issue of the connection between economic progress and the entrepreneurial environment has been investigated by researchers using diverse approaches. One way to investigate the question is to use deductive analysis regarding the forms of capital contributing to the entrepreneurial environment of society. Adli Abouzeedan and Michael Busler were the first to introduce the concept of 'Innovation Capital'. The two researchers argued that Innovation Capital can be used as an indicator for the degree of richness of the entrepreneurial environment. In the same paper, the researchers also introduced the Innovation Balance Matrix (IBAM) as an analytical tool to classify economies based on their entrepreneurial conditions, applying it across the globe. In a later work, the two researchers tried to run a similar IBAM analysis focusing on the Arab world. The two writers found that the best solution to the lack of individual entrepreneurial economies in that region is through what they called the 'additive solution'. In this work, we take their argument deeper and look at the kind of policies that would achieve that solution.
Citation: Abouzeedan, A., Busler, M. (2007): Entrepreneurial policies and the innovation balance matrix: the case of the Arab countries. In Ahmed, A. (Ed.): Science,Technology and Sustainability in the Middle East and North Africa, Vol. 1, pp. 158 - 175. WASD: Brighton, United Kingdom.