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The purpose of this paper is to examine and test the relationship and interaction between “intrinsic” religiosity, entrepreneurial activity, and economic growth.

The paper selects 23 countries that are predominately Christian and examine the connection between country‐wide religious orientation, entrepreneurial activity, and economic growth. It specifically examines “intrinsic” religiosity, and defines entrepreneurial activity as either total start‐up entrepreneurial activity or opportunity‐based entrepreneurial activity. It is hypothesized that there is a direct relationship between religious attitudes and both economic growth and entrepreneurial activity, with entrepreneurial activity also acting as an intervening variable. The empirical relationship between “intrinsic” religiosity, entrepreneurial activity, and economic growth is then examined.

The findings suggest that while “intrinsic” religiosity is positively related to economic growth, the key relationship may be between “intrinsic” religiosity and entrepreneurial activity, with entrepreneurial activity then resulting in economic growth.

By examining the diverse literatures of economic development, entrepreneurship, theology, and the psychology of religion, this paper offers a unique analysis of religious attitudes and their impact on entrepreneurial activity and economic growth. Both the conceptual discussion and the empirical results extend previous studies examining cultural approaches to understanding economic growth.

The purpose of this article is to empirically examine the relationship between managers' emotional exhaustion and the ethnic diversity, workload requirements, and friendship ties within their work-groups.

The research employs a full-network sample of all managers from an indigenously owned ethnically diverse IT firm located in the Caribbean island nation of Trinidad and Tobago. Using a social network design within a regression model, the relationship between managerial power and operational workload and the burnout dimension of emotional exhaustion is initially examined as a baseline model. Work-group ethnicity and friendship ties are then examined as moderators to this relationship. The authors then examine the role of work-group ethnicity and friendship ties as a buffer mechanism using an efficient frontier analysis where managers act as decision-making units.

The study indicates that ethnic diversity acts more as a “negative moderator” to emotional exhaustion, while friendship ties act as both a “positive moderator” and “buffer” to work-related emotional exhaustion.

This is one of the few empirical studies that has examined the issues of ethnic diversity and burnout using social network and efficient frontier methodologies. This is also one of the first empirical studies to investigate these issues using an in-depth, full-sample case study of actual, real-work network relationships.

Since Piore’s (1979) seminal work on ethnic economies, there has been significant development in our understanding of the grouping process of immigrants and co-ethnics into economic, social, and political units, and the behavior of immigrant entrepreneurs within these groups. During the past two decades a number of sociologists have contributed several important concepts to the study of ethnic entrepreneurship such as social capital (e.g. Portes, 1998; Portes & Landolt, 1996, 2000), social embeddedness and network ties (e.g. Kloosterman & Rath, 2001; Portes & Sensenbrenner, 1993; Rath, 2002), and fine tuning the definitional distinctions between levels of co-ethnic cohesiveness, such as ethnic neighborhoods, ethnic economies, and ethnic enclaves (e.g. Light & Gold, 2000; Waldinger, 1982; Waldinger et al., 1990). More recently, business theorists have started to examine the problem of ethnic economic activity, incorporating more economic and entrepreneurship strategy concepts such as resource dependency (Greene, 1997), buyer-supplier relationships (Galbraith et al., 2003), access to financing (Smallbone et al., 2002), and differential marketing systems (Iyer & Shapiro, 1999). What appears to be sometimes lacking in modern discussions of ethnic economies and entrepreneurial behavior, however, is an underlying and unifying theoretical paradigm.

Leading off the book, and the first paper in this section, is, “The Ethnic Ownership Economy” by Ivan Light. This survey paper hardly needs an introduction, because the author is one of the foremost scholars in the field of ethnic economics and entrepreneurship. Ivan Light can be argued to be one of the founders of fields concerned with ethnicity on the strength of his groundbreaking early study Ethnic Enterprise in America (1972). Over the subsequent years he has remained on the cutting edge of research, and the survey paper included here clearly reflects that fact. In this paper, the author reviews and summarizes a significant body of sociological research concerning ethnic economies. He offers three challenges for future research: the first is to examine how the ethnic or immigrant entrepreneurs differ from non-immigrant entrepreneurs, the second is to investigate how immigrants tend to differ in the bundle of resources when compared to their indigenous counterparts, and the third is to study how in multi-ethnic societies non-immigrant entrepreneurs and immigrant/ethnic minority entrepreneurs operate out of social networks with minimal overlap.

The first paper by Hernando de Soto is titled, “Trust, Institutions and Entrepreneurship.” Hernando de Soto certainly needs no introduction. As the author of two best-selling books, The Other Path and The Mystery of Capital, and the founder of the Institute for Liberty and Democracy in Peru, Hernando de Soto has made his mark on examining critical issues related to economic development among poor people. In 1999, Time magazine chose Hernando de Soto as one of the five leading Latin American innovators of the century. Forbes magazine highlighted him as one of 15 innovators “who will re-invent your future.” The Economist magazine identified his Institute for Liberty and Democracy as one of the top two think tanks in the world. The essay in this volume, based upon a speech given at the University of North Carolina on October 26, 2004, examines the important relationships between institutions, trust, property rights, and the ability of entrepreneurs to participate in economic growth and development. This stimulating essay sets a foundation for much of what is discussed in this volume.

Enclave development is a common theme underlying much of the current thought regarding ethnic entrepreneurism, and particularly entrepreneurial behavior among recent immigrants. Historically, ethnic enclaves are described as having certain necessary characteristics (Portes, 1998; Portes & Bach, 1985; Waldinger et al., 1990), such as co-ethnic spatial concentration or agglomeration, a co-ethnic social and support network, a co-ethnic capital market, an intra-ethnic market trading structure (e.g. Dyer & Ross, 2000), and uniqueness of co-ethnic customer preferences and personalized services (e.g. Peterson & Roquebert, 1993). Current theory suggests that aspiring immigrant entrepreneurs and existing ethnic businesses alike can take advantage of the market and social cohesiveness offered by an established enclave, ultimately reducing the various transactions costs associated with doing intra-enclave business (Knack & Keefer, 1997). As Light (1998) argues, the key connection between social capital and ethnic entrepreneurship is the efficient use of ethnic resources to support the creation and survival of businesses in the community. While some characteristics of ethnic enclaves, such as co-ethnic agglomeration and social networks, have been extensively investigated by sociologists, regional economists, population ecologists, and entrepreneurship researchers, other enclave characteristics, such as the inter and intra-enclave market trading behaviors have been recognized, but less researched (Dyer & Ross, 2000; Galbraith et al., 2003).