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The issue of minority participation in new business ventures can be viewed from a variety of perspectives in an increasingly globalized economy. Historically, discussion and research surrounding minority participation in new venture creation centered on the North American experience of the immigrant in a growing nation and economy. Long before academic researchers in the field of business turned their attention to this emerging phenomenon, the social sciences addressed entrepreneurship in the context of the capitalist economy dominant in North America.

This discussion will begin with an overview of the history of the study of minorities in new business ventures, followed by a review of key terms used in the literature, and then will provide a brief discussion of the determinants/consequences model and economic and noneconomic benefits ...

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