Business Quote by Ha-Joon Chang
““the chance of an average developing-country person being an entrepreneur is more than twice that for a developed-country person (30 per cent vs. 12.8 per cent).””
About This Quote
Source Research Paper: Economic Development and Entrepreneurship, 2018
Entrepreneurship rates are higher in developing nations than in developed ones, suggesting different economic dynamics.
In simple terms: Developing countries have more entrepreneurs.
Key Takeaway
Support entrepreneurship where it naturally thrives.
Themes
entrepreneurship
development
economics
opportunity
inequality
Mood
analytical
informative
neutral
Type
academic
statistical
policy‑oriented
When to use this quote
- economic planning
- business incubators
- education programs
- micro‑finance
- government policy
Key Concepts
development economics
statistics
policy analysis
Questions to Reflect On
- What drives entrepreneurship in low‑income contexts?
- How can policy foster quality over quantity?
A Different Perspective
Higher rates may reflect necessity rather than opportunity, and may not indicate sustainable growth.
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