Entrepreneurship in Developing Countries

Policy Recommendations:  

1.  Assess which  cultural traits within a country are barriers to entrepreneurship or to 

groups of potential entrepreneurs; 

2.  Assess whether a country has institutions in place which support arm’s length 

transactions and reduce information and transaction costs; 

3.  Assess whether a country’s business and regulatory environment acts as a barrier 

to entrepreneurial activities; 

4.  Assess whether a country’s macro-economy, infrastructure and financial markets 

support entrepreneurship. 

 

 

Jena Economic Research Papers 2009 - 023

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