Building Entrepreneurial Economies.
The “Washington consensus” approach to development, which encourages other nations to emulate American capitalism, misses one crucial ingredient: the role that entrepreneurs play. Although it cannot be applied wholesale to developing countries, the American economic model should not be abandoned,...
| Published in: | Foreign Affairs Vol. 83; no. 4; pp. 104 - 116 |
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| Format: | Article |
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Foreign Affairs
July/August 2004
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=503972501&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 503972501 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00157120 FAF jtl: Foreign Affairs issn: 00157120 maglogo: N pubinfo: dt: July/August 2004 vid: 83 iid: 4 pid: 883 pub: Foreign Affairs artinfo: ui: 503972501 10.2307/20034050 ppf: 104 ppct: 12 formats: fmt: @attributes: type: T tig: atl: Building Entrepreneurial Economies. aug: au: Schramm, Carl J. su: Entrepreneurship Developing countries Developing countries -- Foreign relations United States sug: subj: United States Entrepreneurship Developing countries Developing countries -- Foreign relations ab: The “Washington consensus” approach to development, which encourages other nations to emulate American capitalism, misses one crucial ingredient: the role that entrepreneurs play. Although it cannot be applied wholesale to developing countries, the American economic model should not be abandoned, as some development economists have argued, but it must be improved. The United States has developed a multifaceted “system” for nurturing high-impact entrepreneurship, a system that, with the right development policies, might be cultivated in many other nations as well. Spurring growth in the developing world will require an understanding of the American entrepreneurial system, which involves four sectors of the economy: high-impact entrepreneurs, large mature firms, the government, and universities. The writer explores the features of this four-sector model. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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