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Entrepreneurship in Developing Countries

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Handbook of Entrepreneurship Research

Part of the book series: International Handbook Series on Entrepreneurship ((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)

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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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Authors and Affiliations

  1. School of Public Policy, George Mason University, Fairfax, VA, USA

    Zoltan J. Acs

  2. George Mason University, Fairfax, VA, USA

    Nicola Virgill

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Correspondence to Zoltan J. Acs .

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  1. School of Public Policy, George Mason University, University Drive, Fairfax, 22030, USA

    Zoltan J. Acs

  2. Indiana University, Bloomington, 47405, USA

    David B. Audretsch

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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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