ABSTRACT
This chapter contributes to the understanding of transnational entrepreneurship and to understand whether such processes actually occur. It analyses how transnational entrepreneurs contribute to the change of spatial patterns in the manufacturing sector. The chapter deals with transnational entrepreneurs from a conceptual point of view. Analyses focusing on transnational entrepreneurs in the diamond sector in this regard thus clearly differ from the above mentioned studies focusing on high-qualified 'Argonauts'. The interviews with the representatives of the companies in the first instance aimed at capturing the embeddedness of the companies in the local and global production networks, the role of families for carrying out business and the structural changes of the local diamond districts. The results of the study generally confirm that transnational entrepreneurs have a major influence on the development of global production networks and the formation of regional clusters and thus should be taken into closer account when discussing processes of industrial transition.
