'These authors take an in-depth look at poverty in developed
countries and offer the unique solution of entrepreneurship's
empowering and transformative venture creation impact to the
problem. They introduce a framework as a holistic approach for
understanding what is required for the low-income individual to
successfully pursue the entrepreneurial path. For anyone concerned
about the alleviation of poverty, this is a must read!' - Donald F.
Kuratko, Indiana University, Bloomington, US 'Poor people are more
frequently business owners than any other economic group, but,
because of resource constraints, they rarely break out of the
informal economy so their entrepreneurship co-exists with poverty
rather than replacing it. Could we reduce the resource constraints
and simultaneously educate poor people about business management
and strategy, more poor people could break into the formal sector,
creating jobs and building wealth exactly where jobs and wealth are
most needed. The social benefit would be huge. In their pragmatic,
informed, and readable manual, Morris, Santos, and Neumeyer bring
together the inter-disciplinary information that a public/private
partnership requires to launch a successful effort to reduce
poverty by enabling the entrepreneurship of the poor. In a
nutshell, the public sector provides the infrastructure; the
private sector and NGOs provide the business education. Everyone
who has a practical or theoretical interest in poverty,
entrepreneurship, or social policy should read this book.' - Ivan
Light, University of California, Los Angeles, US While extensively
explored as a solution to poverty at the base of the pyramid, this
is the first in-depth examination of entrepreneurship and the poor
within advanced economies. Entrepreneurship is presented as a
source of empowerment that represents an alternative pathway out of
poverty. The book explores the underlying nature of poverty and
draws implications for new venture creation. This book fosters a
richer dialog among academics, government officials, policy makers,
economic development professionals, bankers and the financial
community, leaders of non-profit organizations, and others
committed to moving beyond status quo solutions - committed to
finding ways to help people create their own entrepreneurial
pathways out of poverty.
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