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Entrepreneurship in developing countries

Acs, Zoltan J. (2010) Entrepreneurship in developing countries. Foundations and Trends in Entrepreneurship, 6 (1). pp. 1-68. ISSN 1551-3114

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Identification Number: 10.1561/0300000031


This study offers that entrepreneurship is consistent with and even complementary to the older and more traditional development strategies. We survey the literature on entrepreneurship in developing countries which, admittedly, is wide and covers a range of issues from culture and values; institutional barriers such as financial sector development, governance, and property rights; and to the adequacy of education and technical skills. A broad literature has also developed on foreign direct investment and its positive and negative effects on technology transfer and entrepreneurship. After the collapse of the Soviet Union, a number of studies examined the development of small- and medium-sized enterprises in transition economies. As these economies moved from centralized economies to market economies, enterprise and entrepreneurship became important. Yet, other studies examine the effects of infrastructural development and the macroeconomy on entrepreneurship. With such a wide scope of issues, a framework for synthesizing the literature is needed. This study offers that the identification of the externalities which affect entrepreneurship provides a useful framework to examine the literature on entrepreneurship in developing countries.

Item Type: Article
Official URL:
Additional Information: © 2010 The Authors
Divisions: Management
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: O - Economic Development, Technological Change, and Growth > O1 - Economic Development
Date Deposited: 10 Apr 2014 10:43
Last Modified: 04 Jun 2024 00:06

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