Small Nations, High Ambitions : Economic Nationalism and Venture Capital in Quebec and Scotland / X. Hubert Rioux.

Format:

Book

Author/Creator:

Rioux, X. Hubert, Author.

Series:

Studies in comparative political economy and public policy.

Studies in Comparative Political Economy and Public Policy

Language:

English

Subjects (All):

Venture capital--Government policy--Québec (Province).

Venture capital.

Venture capital--Government policy--Scotland.

Public investments--Government policy--Québec (Province).

Public investments.

Québec (Province)--Economic policy.

Québec (Province).

Scotland--Economic policy.

Scotland.

Physical Description:

1 online resource (296 pages).

Place of Publication:

Toronto : University of Toronto Press, [2020]

Language Note:

In English.

Summary:

Given the importance that entrepreneurship and start-up businesses in technology-intensive sectors like life sciences, renewable energy, artificial intelligence, financial technologies, software and others have come to assume in economic development, the access of entrepreneurs to appropriate levels of finance has become a major focus of policymakers in recent decades. Yet, this prominence has led to a variety of policy models across countries and even within countries, as different levels of government have adapted to new challenges by refining or transforming pre-existing institutions and crafting new policy tools. Small Nations, High Ambitions investigates the roots of such policy diversity at the “subnational” level, offering in-depth accounts of the evolution of Quebec’s and Scotland’s policy strategies in the entrepreneurial finance sector and venture capital more specifically. As compared to other regions and provinces in the United Kingdom and Canada, Quebec and Scottish venture capital ecosystems rely on a high degree of state intervention, either direct (through public investment funds) or indirect (through government-backed, hybrid, or tax-advantaged funds). These two regions can thus be described as “sponsor states,” heavily involved in the strategic backing of innovative businesses. Whereas most of the literature on venture capital has focused on economic variables to explain variations in policy models, this book seeks to explain policy divergence in Quebec and Scotland through political and ideological lenses. Its main argument is that the development of venture capital ecosystems in these regions was underpinned by Québécois and Scottish nationalisms, which induced preferences for policy asymmetry and state intervention.

Contents:

Frontmatter

Contents

Illustrations

Acknowledgments

Acronyms and Abbreviations

Introduction. Nationalist Underpinnings of State-Backed Entrepreneurial Finance

Chapter One. Minority Nationalism and Economic Policymaking

Chapter Two. Explaining Public Involvement in Venture Capital: Theoretical and Historical Overviews

Chapter Three. Quebec, 1990–2003

Chapter Four. Scotland, 1990–2003

Chapter Five. Quebec, 2003–2019

Chapter Six. Scotland, 2003–2019

Chapter Seven. Discussion and Conclusions

Appendix. List of Interviews

Notes

Bibliography

Index

Notes:

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Jul 2020)

ISBN:

1-4875-3277-6

1-4875-3276-8

OCLC:

1122616517