The OECD Centre for Entrepreneurship, SMEs and Local Development is pleased to invite you to a seminar to present and discuss the World Bank Flagship report “Latin American Entrepreneurs: Many Firms but Little Innovation”, featuring Julián Messina, Senior Economist, World Bank Latin American and Caribbean Studies.
Entrepreneurship is a fundamental driver of growth, development, and job creation. While Latin America and the Caribbean has a wealth of entrepreneurs, firms in the region, compared to those in other regions, are small in size and less likely to grow or innovate. Latin American Entrepreneurs: Many Firms but Little Innovation studies the landscape of entrepreneurship in Latin America and the Caribbean. Utilizing new datasets that cover issues such as firm creation, firm dynamics, export decisions, and the behaviour of multinational corporations, the book synthesizes the results of a comprehensive analysis of the status, prospects, and challenges of entrepreneurship in the region. The report points out to the problems of lack of competition, deficit of engineers (human capital for innovation), while stressing that access to finance is not a key barrier, but a weak contractual setting hampers innovation.
“Lederman, Daniel; Messina, Julián; Pienknagura, Samuel; Rigolini, Jamele. 2014. Latin American Entrepreneurs : Many Firms but Little Innovation. Washington, DC: World Bank. © World Bank. https://openknowledge.worldbank.org/handle/10986/16457 License: Attribution 3.0 United States.”