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Historical Evolution of Entrepreneurial Development in the Global South: The Case of Ghana, 1957-2010

Amankwah-Amoah, Joseph, Lu, Yingfa (2018) Historical Evolution of Entrepreneurial Development in the Global South: The Case of Ghana, 1957-2010. Science and Public Policy, 46 (2). pp. 161-172. ISSN 0302-3427. E-ISSN 1471-5430. (doi:10.1093/scipol/scy045) (KAR id:67093)

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In spite of growing awareness among strategy, business history and entrepreneurship scholars of the benefits of entrepreneurial development, our understanding of the evolution of entrepreneurial development in developing nations remains limited. A historical analysis of the issue in post-colonial Ghana from 1957 to 2010 led to the identification of three distinctive phases. The first phase represented the immediate post-colonial reforms (1957–1966), where large-scale nationalisation and establishment of state-owned enterprises hampered development of private enterprises. The second phase was the turbulent period (1967–1979), where totalitarianism and confiscation of assets deterred private investments and ownership, thereby creating a harsh economic and institutional environment. These culminated in the last phase, the renaissance of social entrepreneurship (1980–2010) where different entrepreneurial models flourished, including the diaspora philanthropy and the “philanthropic chief”.

Item Type: Article
DOI/Identification number: 10.1093/scipol/scy045
Uncontrolled keywords: entrepreneurial development; Ghana; Africa; government policy
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: Joseph Amankwah-Amoah
Date Deposited: 21 May 2018 09:31 UTC
Last Modified: 28 Jul 2022 22:08 UTC
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