By Keith Marsden
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Extra resources for African Entrepreneurs: Pioneers of Development (Discussion Paper (International Finance Corporation))
The World Bank report projects growth rates for employment, gross domestic product (GDP), and value added per worker over the period 19902020. Instead of the usual breakdown into sectors of economic activity, its model draws a distinction between the informal and modern sectors. The informal sector is defined to cover the self-employed and micro-enterprises with unpaid family workers. The modern sector covers enterprises of all sizes that employ wage labor. All nonagricultural activities--manufacturing, mining, utilities, construction, transport, commerce, and other services--are encompassed within this dualistic structure.
But they want freedom to make their own decisions. They are suspicious of a paternalistic "big brother" looking over their shoulders. 7 Modern African Entrepreneurs Help Alleviate Poverty and Advance Social Progress Illustrations include a Kenyan exporter of horticultural products who obtains 93 percent of his supplies from smallholders. The exporter provides seeds and planting schedules and advises farmers on cultivation techniques. He is instrumental in broadening access to markets, creating more regular employment, and diversifying rural incomes.
7 The relative efficiency of modern African entrepreneurs can be influenced by many factors, including their personal characteristics. The profiles reveal a wide range of social and educational backgrounds and age groups. However, some generalizations can be made about their personal traits and attitudes that are relevant to their performance as entrepreneurs. First, modern African entrepreneurs tend to set up business in fields with which they are familiar, either through family upbringing or work experience.
African Entrepreneurs: Pioneers of Development (Discussion Paper (International Finance Corporation)) by Keith Marsden