Entrepreneurial potential in transition economies: A view from tomorrow's leaders

Entrepreneurial activity is believed to be a fundamental force in the transformation of societies and economies in the former communist countries towards free markets and democracy. However, little is actually known about the situation in the transition countries with regard to entrepreneurial asset...

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Bibliographic Details
Published in:Journal of developmental entrepreneurship 2002-12, Vol.7 (4), p.399
Main Authors: Mueller, Stephen L, Goic, Srecko
Format: Article
Language:English
Subjects:
Cultural heritage
Culture
Economic development
Entrepreneurs
Entrepreneurship
Individualism
Leadership
Market economies
Personality
Population
Studies
Success
Transition economies
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Summary:Entrepreneurial activity is believed to be a fundamental force in the transformation of societies and economies in the former communist countries towards free markets and democracy. However, little is actually known about the situation in the transition countries with regard to entrepreneurial assets. Specifically, little research or analysis has been conducted to determine what effect, if any, does culture and political-economic history have on the potential for entrepreneurship. Based on the results of a seventeen-country study of business students' attitudes and perceptions about entrepreneurship, this paper analyzes and compares the potential for entrepreneurship in six transition countries. Substantial differences were found among these transition countries with respect to entrepreneurial potential with Romania ranking first, Slovenia and Poland ranking second and third, Croatia and the Czech Republic ranking fourth and fifth, and Russia ranking sixth. The findings suggest that among these particular transition countries, differences in entrepreneurial potential are best explained by the current level of economic development and not by other country specific factors such as culture and previous experience with a market economy.
ISSN:1084-9467
1793-706X