University of Oulu

Arslan, Ahmad; Ruman, Asif; Hurmelinna-Laukkanen, Pia; Ali, Tahir (2021) Varieties of capitalism and the base of pyramid population segment in affluent economies : discussion on entrepreneurship financing and skills development. In: Arnold, M.G., Gold, S., Muthuri, J.N., & Rueda, X. (Eds.). (2021). Base of the Pyramid Markets in Affluent Countries: Innovation and challenges to sustainability (1st ed.). (pp. 91-106). Routledge. https://doi.org/10.4324/9780429423512-4-8

Varieties of capitalism and the base of pyramid population segment in affluent economies : discussion on entrepreneurship financing and skills development

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Author: Arslan, Ahmad1; Ruman, Asif2; Hurmelinna-Laukkanen, Pia1;
Organizations: 1Department of Marketing, Management and International Business, Oulu Business School, University of Oulu, Finland
2Department of Economics, Accounting and Finance, Oulu Business School, University of Oulu, Finland
3School of Marketing & Communications, University of Vaasa, Finland
Format: article
Version: accepted version
Access: embargoed
Persistent link: http://urn.fi/urn:nbn:fi-fe2021042713007
Language: English
Published: Routledge, 2021
Publish Date: 2022-11-30
Description:

Abstract

This chapter addresses an under-researched topic of the Base of Pyramid in affluent economies by specifically focussing on varieties of capitalism perspective as a theoretical lens. We focus on coordinated market economies (CME) of Denmark, Finland, Norway and Sweden and liberal market economies (LME) of Ireland and UK, in the current chapter. We use publicly available statistics to present an overview of the current situation in the above-mentioned coordinated and LME, followed by specific discussion on the entrepreneurship financing and skills development dynamics. The discussion reveals that significant differences exist in CME and LME with regards to base of pyramid population segment, and in the premises of financing and specific skills development for entrepreneurship. We highlight the issues such as entrepreneurship specific vocational training, and consideration of non-conventional financial instruments as being potentially useful for entrepreneurship promotion in affluent economies.

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ISBN: 978-0-429-42351-2
ISBN Print: 978-1-138-39011-9
Pages: 91 - 106
DOI: 10.4324/9780429423512-4-8
OADOI: https://oadoi.org/10.4324/9780429423512-4-8
Host publication: Base of the pyramid markets in affluent countries : innovation and challenges to sustainability
Host publication editor: Gold, Stefan
Arnold, Marlen Gabriele
Muthuri, Judy N.
Rueda, Ximena
Type of Publication: A3 Book chapter
Field of Science: 512 Business and management
Subjects:
Copyright information: © 2021 The Authors. This is an Accepted Manuscript of a book chapter published by Routledge in Base of the Pyramid Markets in Affluent Countries: Innovation and challenges to sustainability on 31 May 2021, available online: https://doi.org/10.4324/9780429423512.