Entrepreneurship Training in Developing Countries

Abstract

There are more than a billion people who live in poverty (Collier, 2007; Reynolds, 2012). Twenty-one percent of the population in developing countries (1.22 billion people) can only spend $1.25 or below a day in the year 2010 (Olinto, Beegle, Sobrado, and Uematsu, 2013). In addition to poverty, a major problem for developing countries is the high rate of unemployment (The International Labor Office [ILO], 2013). Two thirds of the young population in developing countries was unemployed or worked in irregular employment in the year 2012 (ILO, 2013; UNDESA, 2013). What will aggravate the situation is that many more young people will enter the future job market. In least developed countries 40% of the population was younger than 15 years in 2012, and 20% were aged between 15 and 24 years (UNDESA, 2013). Consequently, many governmental and non-governmental bodies argue that solving the problem of unemployment and fostering employment creation in developing countries is of high importance (ILO, 2013; UNDESA, 2013). A possible approach to address the issue of unemployment is entrepreneurship since research shows that entrepreneurship supports employment creation (Acs, Desai, and Hessels, 2008; Gries and Naudé, 2010; Mead and Liedholm, 1998; Naudé, 2010, 2012; Naudé, Gries, Wood, and Meintjies, 2008). This implies that through promoting entrepreneurship it is possible to contribute to employment creation. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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