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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 7: Technology and the poor

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

Extract

The importance of technology and the need to better integrate it into the ventures of the poor are explored. Attention is devoted to understanding technology as a product versus a process and what this distinction means for poverty entrepreneurs. The many aspects of a venture that are affected by technology are identified. The concepts of technological literacy and the digital divide, and how both apply to low-income entrepreneurs, are examined. Consideration is given to the specific implications of technology for the low-income entrepreneur’s opportunity horizon and decision-making processes. Tools and options available to the poor when it comes to leveraging technology in their ventures are outlined.

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