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Entrepreneurship in Developing Countries (Paperback)
Loot Price: R1,472
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Entrepreneurship in Developing Countries (Paperback)
Series: Foundations and Trends (R) in Entrepreneurship
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Entrepreneurship in Developing Countries surveys the literature on
entrepreneurship in developing countries, which covers a wide range
of issues from culture and values, institutional barriers such as
financial sector development, governance and property rights, to
the adequacy of education and technical skills. A broad literature
has also developed on foreign direct investment and its positive
and negative effects on technology transfer and entrepreneurship.
After the collapse of the Soviet Union, a number of studies
examined the development of small and medium sized enterprises in
transition economies. As these economies moved from centralized
economies to market economies, enterprise and entrepreneurship
became important. Other studies examine the effects infrastructural
development and the macroeconomy on entrepreneurship. With such a
wide scope of issues, this book offers a framework for synthesizing
this growing literature. This study offers that the identification
of the externalities which affect entrepreneurship provides a
useful framework to examine the literature on entrepreneurship in
developing countries. It examines the evolution of development
policy - beginning with the colonial period and the immediate post
colonial era. In both of these periods there were strong government
intervention and a heavy emphasis on government planning for
development. An important cornerstone of the post colonial period
was the use of import substitution programs. Second, with the
failure of import substitution, many developing countries then
switched to export promotion. Third, we set out a framework to
explore the literature on entrepreneurship in developing countries
based on the existence of network, knowledge and demonstration and
failure externalities. Fourth, the authors identify the core policy
issues to address these externalities and argue that internalizing
these externalities by finding mechanisms to reward and encourage
the firms and people which produce them, should increase the level
of productive entrepreneurship in developing countries. This book
surveys the literature on entrepreneurship in developing countries,
which covers a wide range of issues from culture and values,
institutional barriers such as financial sector development,
governance and property rights, to the adequacy of education and
technical skills.
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