This book offers an in-depth account of the evolution of Quebec's and Scotland's policy strategies in the entrepreneurial finance sector and venture capital more specifically.

With emphasis on East Asian and North American examples – notably Japan and Quebec – Date, Laniel and their contributors take a new approach to the understanding of small nations and their role in the international system. Small nations, by their very nature, raise significant questions about what a nation is. Some small nations are sovereign states with relatively small populations and limited territory, others are nations within larger sovereign states, with distinctive cultures, governance structures or other features that differentiate them from their “parent” state. By focussing on non-European nations in particular, the contributors to this volume challenge our conceptions of what a small nation is and how it operates within the international system. They focus in particular on the nation-within-a-nation-state of Quebec and on Japan, supplemented by further examples from East Asia. By interrogating what these examples have to show us about the typology and character of small nations, they offer a critique of superpower and draw out the potential of small nation studies. A valuable resource for students and scholars of international relations and theories of the nation and nation state.

"Given the importance that entrepreneurship and start-up businesses in technology-intensive sectors like life sciences, renewable energy, artificial intelligence, financial technologies, software and others have come to assume in economic development, the access of entrepreneurs to appropriate levels of finance has become a major focus of policymakers in recent decades. Yet, this prominence has led to a variety of policy models across countries and even within countries, as different levels of government have adapted to new challenges by refining or transforming pre-existing institutions and crafting new policy tools. Small Nations, High Ambitions investigates the roots of such policy diversity at the "subnational" level, offering in-depth accounts of the evolution of Quebec's and Scotland's policy strategies in the entrepreneurial finance sector and venture capital more specifically. As compared to other regions' and provinces' in the United Kingdom and Canada, Quebec and Scottish venture capital ecosystems rely on a high degree of state intervention, either direct (through public investment funds) or indirect (through government-backed, hybrid, or tax-advantaged funds). These two regions can thus be described as "sponsor states," heavily involved in the strategic backing of innovative businesses. Whereas most of the literature on venture capital has focused on economic variables to explain variations in policy models, this book seeks to explain policy divergence in Quebec and Scotland through political and ideological lenses. Its main argument is that the development of venture capital ecosystems in these regions was underpinned by Québécois and Scottish nationalisms, which induced preferences for policy asymmetry and state intervention."--

In the coming decade, we may see the advent of multinational federalism on an international scale. As great powers and international organizations become increasingly uncomfortable with the creation of new states, multinational federalism is now an important avenue to explore, and in recent decades, the experiences of Canada and Quebec have had a key influence on the approaches taken to manage national and community diversity around the world. Drawing on comparative scholarship and several key case studies (including Scotland and the United Kingdom, Catalonia and Spain, and the Quebec-Canada dynamic, along with relations between Indigenous peoples and various levels of government), The Legitimacy Clash takes a fresh look at the relationship between majorities and minorities while exploring theoretical advances in both federal studies and contemporary nationalisms. Alain-G. Gagnon critically examines the prospects and potential for a multinational federal state, specifically for nations seeking affirmation in a hostile context. The Legitimacy Clash reflects on the importance of legitimacy over legality in assessing the conflicts of claims.

Substate nationalism is often studied as a question of political identity and cultural recognition. The same applies to the study of multinational federalism – it is mainly conceived as a tool for the accommodation of minority cultures and identities. Few works in political philosophy and political science pay attention to the fiscal and redistributive dimensions of substate nationalism and multinational federalism. Yet nationalist movements in Western countries make crucial claims about fiscal autonomy and the fair distribution of resources between national groups within the same state. In recent years, Scottish nationalists have demanded greater tax autonomy, Catalan and Flemish nationalists have viewed themselves as unfairly disadvantaged by centralized fiscal arrangements, and equalization payments and social transfers in Canada have exacerbated tensions within the federation. In Fiscal Federalism in Multinational States contributors from political philosophy and political science disciplines explore the fiscal side of substate nationalism in Canada, Belgium, the United Kingdom, Spain, and Australia. Chapters examine the connection between secessionist claims and interregional redistributive arrangements, power relations in federations where taxing and spending responsibilities are shared between orders of government, the relationship between substate nationalism and fiscal autonomy, and the role of federal governments in redistributing resources among substate national groups. Fiscal Federalism in Multinational States brings together scholars of nationalism and federalism in a groundbreaking analysis of the connections between nationalist claims and fiscal debates within plurinational states.

"In The Capacity to Innovate, Sarah Giest provides insight into the collaborative and absorptive capacities needed to provide public support to local innovation through cluster organizations. The book offers a detailed view of the vertical, multi-level, and horizontal dynamics in clusters and cluster policy and addresses how they are managed and supported. Using the biotechnology field as an example, Giest highlights challenges in the collaborative efforts of public bodies, private companies, and research institutes to establish a successful eco-system of innovation in this sector. The book argues that cluster policy in collaboration with cluster organizations should focus on absorptive and collaborative capacity elements missing in the cluster context in order to improve performance. Currently, governments operate at different levels--local to supranational--in order to support clusters, and cluster policies are often pursued in parallel to other programs. As the book shows, this can lead to uncoordinated efforts and ineffective cluster strategies. Relational dynamics are often overlooked when working backwards from performance indicators, since their effects are largely indirect but Giest demonstrates that both the cluster organization and the cluster eco-system play a role. The Capacity to Innovate advocates for a coordinated effort by government and cluster organizations to support capacity elements lacking within the specific cluster context."--