The impact of increased level of globalization on entrepreneurship remains unexplored area within the domain of international business. In this paper we aim to explore the relationships between globalization and entrepreneurship based on a comparative study of globalization and entrepreneurship indicators at a country level. We use the Global Entrepreneurship Monitor (GEM) data for measuring level of entrepreneurship at a country level, and the KOF index of globalization for measuring level of

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... lobalization of a country. We find no statistical evidence for correlation between the level of globalization and the level of entrepreneurship at a country level when tested for all countries in our sample. When testing for low-GDP countries however we find a negative effect of globalization on entrepreneurship. The framework presented in this paper provides a starting point for study and analysis of the relationship between the level of globalization and the level of entrepreneurship. Abstract: The impact of increased level of globalization on entrepreneurship remains unexplored area within the domain of international business. In this paper we aim to explore the relationships between globalization and entrepreneurship based on a comparative study of globalization and entrepreneurship indicators at a country level. We use the Global Entrepreneurship Monitor (GEM) data for measuring level of entrepreneurship at a country level, and the KOF index of globalization for measuring level of globalization of a country. We find no statistical evidence for correlation between the level of globalization and the level of entrepreneurship at a country level when tested for all countries in our sample. When testing for low-GDP countries however we find a negative effect of globalization on entrepreneurship. The framework presented in this paper provides a starting point for study and analysis of the relationship between the level of globalization and the level of entrepreneurship.