6 Ways Innovation and Entrepreneurship Promote Prosperity

It is not a coincidence that the most developed nations are also the ones with the highest levels of entrepreneurial activity and innovation. While starting from a minimal level of development helps support the latter two, for example through basic access to capital and institutional stability, the impact of innovation and entrepreneurship on the economy... Continue Reading →

Development Finance Institutions and Private Sector Innovation

Post originally published on IDB's Sustainable Business blog. Development finance institutions (DFIs) can play an important role promoting innovation for increased competitiveness and sustained development in their client countries. Properly executed programs and projects can leverage private investment placement, develop local capital markets, improve resource allocation, as well as avoid moral hazard. As laid out in the... Continue Reading →

Economics as If People Mattered

What took me so long to read “Small is Beautiful: Economics as if People Mattered”, by E. F. Schumacher? This 1973 classic was never introduced to me during my education in economics, but I finally got to it. While undeniably but delightfully utopian, very few books go so deep in the attempt to completely reformulate... Continue Reading →

Entrepreneurship, Innovation and Prosperity

Entrepreneurship and economic development What is the common ground between the economic prosperity of the Netherlands in the XVII-XVIII centuries, nineteenth century England, twentieth century U.S. and, more recently, countries such as South Korea, Singapore and Israel? Although the question could be answered from different angles, fundamentally it can be inferred: in their own time,... Continue Reading →

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