IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Factors Stimulating Entrepreneurship: A Comparison of Developed (U.S. and Europe) and Developing (West African) Countries

Factors Stimulating Entrepreneurship: A Comparison of Developed (U.S. and Europe) and Developing (West African) Countries
View Sample PDF
Author(s): George M. Puia (Saginaw Valley State University, USA), Joseph A. Affholter (Saginaw Valley State University, USA)and Mark D. Potts (Saginaw Valley State University, USA)
Copyright: 2015
Pages: 18
Source title: Comparative Case Studies on Entrepreneurship in Developed and Developing Countries
Source Author(s)/Editor(s): Joseph Ofori-Dankwa (Saginaw Valley State University, USA)and Kwame Boasiako Omane-Antwi (Pentecost University College, Ghana)
DOI: 10.4018/978-1-4666-7533-9.ch001

Purchase


Abstract

The World Bank, the World Economic Forum, the Heritage Foundation, and other global organizations have studied national business climates to determine optimal conditions and practices necessary to stimulate entrepreneurship and economic growth. This chapter compares select measures from the three organizations from six West African countries (Benin, Cote d'Ivorie, Ghana, Liberia, Senegal, and Sierra Leone) and benchmarks their results against the United States and an unweighted average of six European Union member states. These measures are most directly tied to the establishment, protection and sustainable growth of technology or technology-dependent entrepreneurial businesses: business freedom, investment freedom, investor protection, property rights protection, technological readiness, innovation, freedom from corruption, and access to risk capital. This chapter contributes to the literature in three ways. First, it provides a broad policy comparison. Second, it benchmarks entrepreneurial readiness climates via comparisons among emerging and developed markets. Lastly, it offers recommendations for policy makers and researchers.

Related Content

Alice S. Etim, Wole Michael Olatokun. © 2024. 20 pages.
Lilian C. Mutalemwa. © 2024. 27 pages.
G. Nixon Samuel Vijayakumar, Vinay Kumar Domakonda, Shaik Farooq, B. Senthil Kumar, N. Pradeep, Sampath Boopathi. © 2024. 34 pages.
Elisha Mupaikwa, Kelvib Joseph Bwalya. © 2024. 35 pages.
Oluwatoyin Catherine Agbonifo, Samuel Ibukun Olotu, Toyosi Ayo Oluwatusin. © 2024. 22 pages.
James S. Etim. © 2024. 19 pages.
Vanessa Hiu Ying Chan, Dickson K. W. Chiu. © 2024. 24 pages.
Body Bottom