Regional Approaches to Global Uncertainty

Drawing on the literature and current trends, the authors set forth a hypothesis that crisis has led to regional responses among policy makers, multinational companies, and entrepreneurs. The authors more specifically posit that national policy makers are shifting focus by redefining or withdrawing from larger alliances and solidifying regional coalitions. Multinational corporations operate regionally with narrower supply chains, financial management to insulate them from currency concerns, and regional products. Entrepreneurial financing is increasingly more regional and entrepreneurial firms are more regional and less global. This discussion concludes with the suggestions for further research.