Enabling Environment for Entrepreneurship and Innovation in Developing Countries
R.S. MATHUR, Member
Issac, I agree it is an uphill task for entrepreneurs and innovators to function in the kind of environment that does exist in several developing countries. However, I have a lot of faith in human ingenuity everywhere
Despite of poor governance and absence of rule of law, people are capable of coming up with their own model of entrepreneurship and improvisation (not innovation in the true sense).
This is driven by the strong instinct of survival. I admit it does not take that society very far. Visionaries at the top are needed to chart the right path.
We, in India, have moved up and now have a conducive environment for entrepreneurship and innovation.
Rule of law, a stable and capable political leadership are hygiene factors for E&I.
In any case, people need to have strong aspirations to force the needed change in the society. So be hopeful!