Entrepreneurship Training for the Developing World
Mar 23, 2012
In an article in Science Magazine, the Director explains how Western universities can encourage entrepreneurship in low-income countries through education, in order to drive economic growth while benefiting Western universities.
by Iqbal Z. Quadir
Developing countries, once economically marginal, are now a critical part of the world's economy. Non-OECD (Organisation for Economic Co-operation and Development) countries account for three-quarters of the world's population, three-quarters of real gross domestic product growth over the last decade and nearly two-thirds of the world's energy, steel, and copper consumption. China and India constitute a sizable part of this development, but many other countries are showing impressive economic growth; Bangladesh and sub-Saharan Africa are projected to grow at around 6% this year. Entrepreneurs have driven much of this progress. Universities in the West, however, largely offer programs to prepare students for entrepreneurial careers in the developed world with little focus on developing countries. Read more at Science >>