How One Becomes an Entrepreneur in a Transitional Economy? The Case of Manufacturers in Laos

Towa Tachibana

No 22, GSICS Working Paper Series from Graduate School of International Cooperation Studies, Kobe University

Abstract: With the exhaustive life histories of 24 manufacturers in Laos, we address two is-sues concerning entrepreneurial supply in transitional economies: the impacts of open-economy policy and the "trigger" for entrepreneurial choice. We do not focus on the personal attributes of entrepreneurs but on their rational choice between the expected returns from entrepreneurial and traditional activities. We found that experiences in and with foreign institutions facilitate the entrepreneurial choice in modern manufacturing sectors; these experiences appear to reduce uncertainty in new business opportunities. Moreover, those entrepreneurs who rely on connec-tions with government offices seem to choose relatively traditional products, e.g., furniture.

Keywords: entrepreneurial supply; transitional economies; foreign factor; connections with government offices; South-east Asia; The Lao PDR (search for similar items in EconPapers)
Pages: 37 pages
Date: 2010-10
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Persistent link: https://EconPapers.repec.org/RePEc:kcs:wpaper:22

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