The idea of entrepreneurship is prevalent in many discussions regarding effective methods of development. By unleashing the economic productivity of populations in developing countries, those emerging markets can become competitive and innovative, overcoming developmental challenges by creating local solutions supported by local capital. However, around the world countries struggle to foster entrepreneurship in a way that yields high impact results. One main reason for this is that they fail to address the underlying institutional framework that encourages the entrepreneurial spirit and grants protections for those that assume the risks associated with entrepreneurship.
Center for International Private Enterprise
Development Institute
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