Titlebook: Immigrant Businesses; The Economic, Politi Jan Rath (Senior Researcher and Programme Manager) Book 2000 Palgrave Macmillan, a division of M

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The Social Capital of Ethnic Entrepreneurs and their Business Success, (Steinmetz and Wright, 1989). Karl Marx’s assertion is refuted as the old middle class seems to be growing again. Newly founded small enterprises are contributing to economic growth, and are often a source of innovation and new jobs, more than larger enterprises, including multinational companies (

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2947-2911 businesses is served by focusing on the embeddedness of immigrant businesses in their economic, politico-institutional and social environments from a multi-disciplinary perspective rather than confining the attention to ethnic-cultural or economic sociological aspects only.978-1-4039-0533-8Series ISSN 2947-2911 Series E-ISSN 2947-292X

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2947-2911 ways to the economic development of American and European metropolitan areas. Some businesses have been incorporated into the mainstream, while others have stayed on the economic fringes and got engaged in the informal economy. The starting point of this book is that a proper understanding of these

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Introduction: Immigrant Businesses and their Economic, Politico-Institutional and Social Environmentill growing. The city’s producers of clothing — often Korean immigrants who hire Latino workers — are part of a system of flexible production in which firms respond quickly to subtle changes in fashion. The close connections between these producers and trend-setting Californian designers constitute another asset of the industry as a whole.

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