Impact of globalization on entrepreneurship: South asian perspective

The paper aims to explore the relationship between globalization and entrepreneurship in South Asian perspectives. Since globalization has a significant impact on entrepreneurial enterprises in many ways, and out of it among South Asian countries, India as a country is viewed predominantly. The changing international environment in finance, human resources, technology, politics, economics, and social conditions has created opportunities for entrepreneurial enterprises to expand their international businesses at a much faster pace. Globalization provides a great opportunity for entrepreneurial ventures to expand their business internationally. With the help of local governments, large corporations, and international organizations, entrepreneurial enterprises are able to confront the challenges posed by globalization and economic liberalization which is improving the competitiveness in the global market, and better serving the global consumers. A number of hypotheses are examined to understand how globalization has affected the survival and sustainable development of entrepreneurial enterprises. A worldwide consensus on the critical role of competitive markets and entrepreneurs in economic development has emerged in the last decade. In developing countries, the primary barrier to economic growth is often not so much a scarcity of capital, labour or land as is a scarcity of both dynamic entrepreneurs that can bring these together and the markets and mechanisms that can facilitate them in this task.