Entrepreneurship and Innovation at the Base of the Pyramid: A Recipe for Inclusive Growth or Social Exclusion?

Policy makers often see entrepreneurship as a panacea for inclusive growth in underdeveloped ‘Base of the Pyramid’ (BOP) regions, but it may also lead to unanticipated negative outcomes such as crime and social exclusion. Our objective is to improve the understanding of how entrepreneurship policies...

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Bibliographic Details
Published in:Journal of management studies 2012-06, Vol.49 (4), p.785-812
Main Authors: Hall, Jeremy, Matos, Stelvia, Sheehan, Lorn, Silvestre, Bruno
Format: Article
Language:English
Subjects:
base of the pyramid (BOP)
Economic growth
Economic policy
Entrepreneurs
Entrepreneurship
entrepreneurship policy
Innovation
Innovations
Local communities
Poverty
social entrepreneurship
Social exclusion
social inclusion
Social integration
Studies
Sustainability
Tourism
tourism industry
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Summary:Policy makers often see entrepreneurship as a panacea for inclusive growth in underdeveloped ‘Base of the Pyramid’ (BOP) regions, but it may also lead to unanticipated negative outcomes such as crime and social exclusion. Our objective is to improve the understanding of how entrepreneurship policies can lead to socially inclusive growth at the BOP. Drawing on data collected from Brazilian tourism destinations with varying entrepreneurship, innovation, and social inclusion policies, we argue that weak institutions coupled with alert entrepreneurs encourage destructive outcomes, especially if entrepreneurship policies are based solely on economic indicators. Policies addressing both economic and social perspectives may foster more productive entrepreneurial outcomes, albeit at a more constrained economic pace. The study extends the related BOP, entrepreneurship, global value chain, and sustainable tourism literatures by examining the poor as entrepreneurs, the role of local innovation, and how entrepreneurship policies generate different social impacts within poor communities.
ISSN:0022-2380
1467-6486
DOI:10.1111/j.1467-6486.2012.01044.x