Entrepreneurship in Developing Countries

Document Outline

• I. Introduction
• II. The Evolution of Development Policy 
  • II.1 Colonial Origins of Development Policy 
  • II.2. Import Substitution
  • II.3 Outward Orientation 
•  III. Entrepreneurship and Development
  • III.1 Why is Entrepreneurship Important for Development?
  • III.2 The Entrepreneur in Economic Theory
  • III.3 What Does Entrepreneurship Look Like in Developing Countries?
  • III.4 An Externalities-based Framework
    • III.4.1 Demonstration and Failure Externalities
    • IV.4.2 Knowledge and Information Externalities:  What to produce and how to do it
    • III.4.3 Network Externalities
• IV. New Policy for Entrepreneurship in Developing Countries 
  • IV.1  Demonstration Externalities
  • IV.2 Knowledge and Information Externalities
  • IV.3 Network Externalities
• V. Conclusion