Entrepreneurship in the Developing World

Throughout the week, we’ve talked about entrepreneurship – from inventing our dream jobs to mentoring the next generation entrepreneurs. Today, we look beyond our borders, at entrepreneurship in the developing world.
Most indexes that measure business environments around the world rate places like the United States, Singapore, and Japan, very highly. But in fact, we fall dramatically behind places like sub-Sahara Africa, Latin America, China, and Brazil when it comes to entrepreneurship.
How do developing countries foster entrepreneurship in a way that the first world doesn’t? And what can we learn from third world countries about constructive ingenuity?
Donna J. Kelley, professor of entrepreneurship at Babson College, has some ideas. She specializes in entrepreneurship in the developing world.