Entrepreneurship in the third world
- London Croom Helm 1988
- 224 p.
In the Third World, as in the developed world, there exist at present great hopes that substantial economic growth can be generated by new firms and by small businesses. The driving force of this sector is seen to be individual small businessmen taking entrepreneurial risks. This book argues that the substan tial theoretical literature on entrepreneur ship and small business development really relates to the developed world only and is not applicable to the developing world. It argues that, because of the very different circumstances indeed which apply in the developing world for example, the less developed banking system or the expectation that bread winners provide for extended families - new theories of entrepreneurship and small business development need to be generated for the developing world. It goes on to put forward theories here, analysing and presenting a substantial body of original data. It discusses the policies which third world countries have adopted to assist small business growth and concludes by suggesting, in the light of the research findings and the theories put forward, how these might be improved.