Entrepreneurship in Emerging Economies: The Creation and Development of New Firms in Latin America and East Asia

Abstract

This report presents the results of a comparative study of entrepreneurship in Latin America and East Asia. It focuses on the process of creation of new companies. That process is analyzed at three different stages: inception of the entrepreneurial venture, company start-up, and its early development. From the initial motivation to become an entrepreneur to the contacts needed to help solve problems as the business gets underway and grows, a number of factors affect the behavior of potential entrepreneurs. This study aims to identify the leading factors that stimulate or limit entrepreneurship at each stage of the entrepreneurial process in Latin America and East Asia. These leading factors are analyzed, a number of conclusions are drawn, and policy recommendations are reached for promoting entrepreneurship in different socio-economic contexts.

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