engleski

The migrant entrepreneurship – history, trends, challenges, and perspectives in the Republic of Croatia

The migrant entrepreneurship characterizes entrepreneurial activities and ventures undertaken by individuals outside of countries in which they were born or raised. Migrants are people who, for different socio-economic and political reasons, leave their countries of birth to strive for more significant development and growth on a personal and business level in a foreign country. According to different surveys, immigrants are considered more entrepreneurial and are more likely to take risks compared to domestic residents. Immigrants often possess higher levels of education. In literature, migrant entrepreneurship is often associated with the classic form of family or social entrepreneurship. A strong affirmation of multiculturalism is highly associated with migration entrepreneurship. Migrant entrepreneurship can be defined as an investment of one's capital in a business venture that is characterized by the sociological and cultural aspects of an individual but following the legal acquis of the host country. To integrate into the lifestyle of the country to which they migrated, migrants learn foreign languages, adapt to a different culture and other codes of conduct, but at the same time, they exhibit their own cultural and social characteristics. These differences allow foreign entrepreneurs to achieve a successful entrepreneurial venture that represents novelties for the host countries contributing to the diversity of product offerings and the development of economics and GDP growth. The topic of this research paper is an insight into the historical research behind the development of migrant entrepreneurship. The research paper aims to explore the role of migrant entrepreneurship in the world economy, to analyze trends and perspectives in the EU countries compared to the Republic of Croatia. The paper provides an insight into examples of migrant entrepreneurship that improved the economies of the EU and the Republic of Croatia by exploring the obstacles encountered in host countries. The methods used in this research paper are historical, desk research, methods of analysis, and synthesis. The results of the research indicate the importance of migrant entrepreneurship for the hosting economies. It also proposes measures and frameworks for better understanding and the cooperative developments of this type of entrepreneurship in the Republic of Croatia.

migrant entrepreneurship, migrants, minority entrepreneurship

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