Entrepreneurship in the Developing World

Friday, April 05, 2013

Fruit stand in Brazil. (Nick Sherman/flickr)

Throughout the week, we’ve talked about entrepreneurship — from inventing our dream jobs to mentoring the next generation entrepreneurs. Today, we look beyond our borders, at entrepreneurship in the developing world.

Most indexes that measure business environments around the world rate places like the United States, Singapore, and Japan, very highly. But in fact, we fall dramatically behind places like sub-Sahara Africa, Latin America, China, and Brazil when it comes to entrepreneurship.

How do developing countries foster entrepreneurship in a way that the first world doesn’t? And what can we learn from third world countries about constructive ingenuity?

Donna J. Kelley, professor of entrepreneurship at Babson College, has some ideas. She specializes in entrepreneurship in the developing world.

Guests:

Donna J. Kelley

Produced by:

Kristen Meinzer

Comments [2]

Steven Morrison from Portland, OR

I was listening to your guest today talking about starting businesses/enterprises from scratch and not taking on a huge debt load. My friend and I graduated from college about a year and a half ago and started a coffee roasting business (http://www.rosecitycoffeeco.com/) with almost no money. Now, a year later, we're selling at more than a dozen grocery stores and have enough to pay ourselves a living wage. For us, the starting from scratch approach really worked.

Apr. 05 2013 02:04 PM
Larry Fisher from Brooklyn, N.Y.

Only Entrepreneurs who make it big in this country are treated with respect. The guy in the garage working on some design has a tough job ahead of him.
An entrepreneur in this country may as well be an artist; they are both treated like a crazy person, unless there is money backing them. An entrepreneur with money, (even if it is their daddy's money) is respected, and so it doesn't surprise me that entrepreneurs in other countries can get things done on smaller scales.

Apr. 05 2013 12:47 PM

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