Guest editorial: the entrepreneurship challenges in Latin America (original) (raw)
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The objective of this article is to analyze the current conditions within the labor context of developing countries and explore the alternatives that citizens consider for generating income. Additionally, this article is intended to examine the opportunities available to individuals in their pursuit of economic stability and professional growth.
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EU-LAC Foundation Newsletter, 2017
In the macroeconomic and social fields, Latin America and the Caribbean has implemented important changes during the last years, among them there are the public policies reforms. Nevertheless, the region requires the implementation of micro economical reforms. To take a step forward, it is necessary to develop an entrepreneurship ecosystem. This ecosystem needs to be implemented together with a set of policies that promotes innovation, entrepreneurship and funding
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Estudios de economía, 2018
The long-run economic performance of Latin America has been unsatisfactory especially in comparison with other emerging economies, which have been able to "catch up" with developed countries. The historically low innovation and dynamic entrepreneurship rates have been identified as two of the main reasons for this situation. In this paper, we present a synthetic but comprehensive review of the empirical literature related to these topics in the region, as well as the results of the main impact evaluations performed to assess innovation and entrepreneurship policies implemented in Latin America. This review, together with the identification of unexplored or underexplored areas of research, is functional to introducing the investigations that are part of this special issue.
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Latin American Research Review, 2016
This article examines the relationship between entrepreneurial activity and a set of economic variables including gross domestic product, economic growth, unemployment, informality, corruption perceptions, macroeconomic stability, and labor regulations. We use panel data from nine Latin American countries covered by the Global Entrepreneurship Monitor from 2000 to 2010. We focus on necessity-based entrepreneurship, as the rates of this type of activity are relatively high in Latin America. The results show that economic growth is positively related to opportunity-based entrepreneurship. Other factors such as infl ation, informality, and transparency (versus corruption) are positively associated with higher rates of necessity-based entrepreneurship. Lines of future research and policy implications are discussed.
Global Entrepreneurship Monitor Caribbean: 2012 Colombian National Report
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A broad agreement exists today among the academia and public policy makers about the importance of entrepreneurial activity and entrepreneurs in the dynamics of economic development. New businesses drive innovation, generate jobs and, stimulate productivity and competition thereby developing the economy and welfare of a society. The Global Entrepreneurship Monitor (GEM) is conducting the biggest on-going research worldwide in order to study and analyze the relationship that exists between entrepreneurship and the national economic development. This project started in 1999 as an initiative of Babson College and the London School of Economics. At the present time, it is the only comparable data source that exists globally about a wide range of variables associated with the general entrepreneurial activity and specific elements in the different stages that compose the entrepreneurial process.
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Small Business Economics, 2008
This study analyses the relationship between entrepreneurial dynamics and the level of competitiveness in Latin American countries. Based on a stage of economic development model, we demonstrate that Latin American countries under the model followed different paths related to competitiveness. These different paths can explain the effect of specific competitiveness conditions on entrepreneurial dynamics in Latin America.
Regional Statistics, 2022
Even with the progress in the understanding of regional entrepreneurial systems in developed economies, very little is known about how they function in South America. This study aims to address this research gap by examining the features of entrepreneurial systems in 22 regions in Colombia, Ecuador, and Uruguay using an adapted Global Entrepreneurship Index (GEI) methodology. The results of the present study reveal that, put together, the selected South American regions show higher average scores in entrepreneurial attitudes compared to countries at similar stages of economic development. Looking at the pillar level, South American regions are weak in ‘process innovation’, ‘internationa-lization’, and ‘technology absorption’, which have been identified as the regions’ most critical bottlenecks. Moreover, relevant differences in individual entrepreneurial attitudes, abilities, and aspirations among urban and rural populations within the studied regions are also identified. The contribution from the empirical work presented here is twofold. First, this study validates the suitability of the GEI methodology for the analysis of regional entrepreneurial systems in a developing-country context. Second, it provides one of the first empirical investigations into regional entrepreneurial ecosystems in South America. This study’s findings could be utilised as the basis for more context-sensitive regional entrepreneurship policy approaches in the studied regions.
SSRN Electronic Journal, 2012
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