Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite


Building Entrepreneurial Economies

Author: Carl Schramm
July/August 2004
Foreign Affairs


The "Washington consensus" approach to development -- which urges other countries to emulate American capitalism -- misses one vital ingredient: the role that entrepreneurs play. Jump-starting growth in the developing world will require an understanding of the American entrepreneurial system, which involves four sectors of the economy.

Read full article at

More on This Topic