Many economic theories have presented different unefficient plans and recipes intended to eliminate poverty, once and for all; nevertheless, only a few have focused on the importance of entrepreneurship and the alleviating results it provides to poverty. In this conference Karol Boudreaux explains the importance of entrepreneurs in a society, in order for innovation and wealth to be created. She describes the existing types of entrepreneurs, as well as how they individually play a vital role in their communities on different needs. To prove this idea, Boudreaux provides examples of entrepreneurial activities carried out in certain African regions, which have helped poor people to develop and obtain a higher life quality for themselves and their families. The results of these entrepreneurial programs, performed by large and small-scale entrepreneurs, have demonstrated the importance of these risk-takers in society, due to the beneficial and multiplicative effect of their actions.
Karol Boudreaux
Karol Boudreaux is a senior fellow at the Mercantus Center and lead researcher for Enterprise Africa, a research project that is investigating on enterprise-based solutions to poverty in Africa. She is also a faculty member of the George Mason University School of Law. Her areas of interest include property rights and development, human rights, and international law. Boudreaux holds a BA in English literature from Rutgers University and a JD from the University of Virginia.
A Missing Piece of the Development Puzzle? Karol Boudreaux
Business School Building, EN-606 Universidad Francisco Marroquín Guatemala, July 6, 2010
A New Media - UFM production. Guatemala, July 2010 Camera: Mario Estrada; digital editing: Adrián Méndez; index and synopsis: Sergio Bustamante; content reviser: Sofía Díaz, Daphne Ortiz; publication: Carlos Petz/Daphne Ortiz
This work is licensed under a Creative Commons 3.0 License Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Slides
Content
Initial credits
Introduction
General approaches of the economic theory related to the poverty problem
Theory of finance and poverty traps
General economic problems in poor countries
Import substitution strategies
Dependency theory
Role of institutions
Different ways of doing business
Role of entrepreneurship
Types of entrepreneurs
Policy entrepreneurs
Importance of the middle class
Roles of entrepreneurs
Traditional entrepreneurs
Policy entrepreneurs
Social entrepreneurs
Landscape for entrepreneurs
Cultural barriers for economic growth
Entrepreneurship in South Africa
Agricultural situation in South Africa
Monsanto farming combi-packs
Benefits for farmers
Farmer testimonies
Combi-pack advantages
Small-scale entrepreneurs
Entrepreneurial challenges
Difficult access to markets
Policy entrepreneurship in Namibia
Community Based Natural Resource Management Program
Wildlife policy changes
Program goals
Program results
Significant growth of conservancies
Benefits growth over time
Conservancy activities and income
Job creations through the program
Environmental benefits
Social entrepreneurship
Microfinance entrepreneurship
Micro-mortgage development
Indego Africa
Key roles of entrepreneurs
Conclusions
Incentive creation experiment
Question and answer period
Do you think that drug legalization can increase economic growth in Guatemala?
In your opinion, which were the incentives the African government had in order to make the changes it did?
What kind of political system does Namibia have?
Final words
Final credits
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Universidad Francisco Marroquín
6 Calle final, zona 10
Edificio de la Escuela de Negocios
Oficina EN-103
Guatemala, Guatemala 01010
Teléfono (+502) 2338-7700 ext. 7849
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