Poverty and Entrepreneurship in Developed Economies
Michael H. Morris, Susana C. Santos and Xaver Neumeyer
Extract
The patterns in entrepreneurial activity among the poor in developed economies are examined. Characteristics of those who start businesses when coming from poverty are reviewed. Critical aspects of the poverty condition and their direct implications for entrepreneurial activity are summarized. In spite of the significant challenges, entrepreneurship is approached as a natural path for the poor. Motives for pursuing this path are then examined. Building on this foundation, the SPODER framework is introduced for increasing entrepreneurial activity among the poor. The remaining chapters of this book are structured around this framework.
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