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Entrepreneurship in Developing Countries

Part of the International Handbook Series on Entrepreneurship book series (IHSE,volume 5)

Abstract

Between 1945 and 1980 nearly 100 colonies in Africa, Asia, and the Caribbean gained their independence and began the process of initiating a development strategy for their citizens. Sadly, many of those countries experienced neither significant per capita growth nor economic development (Easterly, 2001, 141–43). Indeed, moderate and extreme poverty remains a significant concern for many developing countries (Sachs, 2005, 22–23)

Keywords

  • Foreign Direct Investment
  • Entrepreneurial Activity
  • Informal Sector
  • Knowledge Spillover
  • Economic Freedom

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.

    For a discussion of the “gap-filling” role of entrepreneurs, see Leibenstein (1968).

  2. 2.

    See Table 2.4.

  3. 3.

    The private contract farming system in Malaysia provides the important function of reducing uncertainty for local farmers and improves opportunities for credit as banks are aware that there is a guaranteed buyer for the farm produce, p. 193. However, critics have also said that such programs transfer “the risk from the firm” which buys the farm produce “to the farmer”, p. 198.

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Acs, Z.J., Virgill, N. (2010). Entrepreneurship in Developing Countries. In: Acs, Z., Audretsch, D. (eds) Handbook of Entrepreneurship Research. International Handbook Series on Entrepreneurship, vol 5. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-1191-9_18

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