Poverty and Entrepreneurship in Developed Economies
Michael H. Morris, Susana C. Santos and Xaver Neumeyer
Extract
The nature of entrepreneurial opportunities is examined. Attention is devoted to how opportunities are uncovered and key sources of opportunity. The notion of the entrepreneur’s opportunity horizon is introduced and applied to those in poverty. The role of the immediate environment is emphasized. Factors that constrain the opportunity horizon of a person in poverty are identified, together with possible ways to expand the individual’s horizon. The emergent nature of opportunities is explored, and the corridor principle is applied to the person in poverty.
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