ABSTRACT
This chapter highlights the role of entrepreneurship in the making of global business. It applies entrepreneurship theory to interpret the history of global business since 1200, arguing that global business needs to be seen as an interdependent knowledge-based system. This view reveals that the making of global business represents more than just the sum of the separate contributions of individual entrepreneurs. Global business was made by the global business system which coordinated individual enterprise so that it became more than the sum of its parts. The chapter concludes by arguing that understanding global business in the long run, requires a greater emphasis on the crucial role of infrastructure investment in promoting long-term economic growth as well as the competitive and collaborative relations between entrepreneurs.
