Entrepreneurship and Development

Barriers to Entrepreneurship

Hernando de Soto
Presentation by
Mr. de Soto is President of the Institute for Liberty and Democracy (ILD), headquartered in Lima, Peru and considered by The Economist as one of the two most important think tanks in the world.Time

The idea of entrepreneurship is prevalent in many discussions regarding effective methods of development.  By unleashing the economic productivity of populations in developing countries, those emerging markets can become competitive and innovative, overcoming developmental challenges by creating local solutions supported by local capital.  However, around the world countries struggle to foster entrepreneurship in a way that yields high impact results.  One main reason for this is that they fail to address the underlying institutional framework that encourages the entrepreneurial spirit and grants protections for those that assume the risks associated with entrepreneurship.