Best practices in the field of returnee entrepreneurship
Author:Raluca Mariana Grosu
JEL:J60, M10
DOI:
Keywords:entrepreneurship, returnee entrepreneurship, best practices, Romania,
international migration, emigration
Abstract:
Romania, an important provider of immigrants – especially for member states of the
European Union – has remarkable potential for developing returnee entrepreneurship.
Observing this context, through this paper I aim to highlight means of encouraging this
phenomenon in Romania, one of the main objectives referring to the development of a best
practice guide in order to promote and sustain returnee entrepreneurship. Based on an
intensive process of literature review, following the experience of other countries with a
high degree of experience in this field, I created a model that illustrates a series of specific
features displayed by this phenomenon, as well as a best practice guide. This guide mainly
outlines a series of directions regarding financial, legislative, institutional, and educational
aspects.
Through this paper, I aim to bring a contribution to the development of the scientific
literature in the field of returnee entrepreneurship and to raise awareness among policy
makers on the complexity and importance of this phenomenon. Furthermore, by detailing
the components of this model in Romania and by presenting the best practice guide, this
paper may represent an important starting point in developing a national strategy for
encouraging emigrants` return and the development of entrepreneurial activities among
them.