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Poverty and Entrepreneurship in Developed Economies

Michael H. Morris, Susana C. Santos and Xaver Neumeyer

While extensively explored as a solution to poverty at the base of the pyramid, this is the first in-depth examination of entrepreneurship and the poor within advanced economies. The authors explore the underlying nature of poverty and draw implications for new venture creation. Entrepreneurship is presented as a source of empowerment that represents an alternative pathway out of poverty.
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Chapter 6: The challenges of literacy among the poor

Michael H. Morris, Susana C. Santos and Xaver Neumeyer


The nature of literacy and its underlying dimensions are explored. Patterns in literacy levels among the poor are examined. Implications of different aspects of literacy and different types of literacy for various aspects of successful venture creation are investigated. Five unique literacies are investigated – functional, financial, economic, business, and technological. Attention is devoted to understanding challenges faced by the poor when it comes to each of these literacies. Emphasis is placed on the abilities of low-income entrepreneurs to continually learn and adapt as a venture unfolds. Finally, we explore approaches to improving literacy levels among the poor.

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