The Effects of Globalization on Entrepreneurial Revitalization of Main Urban Areas - Case of Croatia

Research background: The paper argues how the sustainable development of entrepreneurship in urban areas is based on four cornerstones: corruption, size areas, industrial structure and cultural biases. Corruption a significant social economic issue that has crippling effect for entrepreneurship. Further on, superiority larger cities generating advanced economies been recognized since time ancient Greek medieval Italian city-states, however it not clear if same applicable today as well. Third cornerstone entrepreneurial main these areas. Lastly, values drive action form environments are embedded wider national culture. Purpose article: aim to investigate describe pivotal influences activity an impetus globalized environment transition economy Methods: factors influence level areas: perceived biases described well correlation between each crucial elements revitalization. Findings & Value added: By examining antecedents consequences circumstances define fostering Croatia provides comprehensive tool strategy can be used by policy makers entrepreneurs alike.