Entrepreneurial Response to “Bottom-up” Development Strategies in Zimbabwe

Emily Chamlee-Wright ()

The Review of Austrian Economics, 2005, vol. 18, issue 1, 5-28

Abstract: Group lending and business training programs aimed at small-scale entrepreneurs have captured the interest of development scholars, practitioners, and donors since the 1980s. Yet these strategies have not had much impact in the context of urban Zimbabwe. Building upon ethnographic research conducted in Harare, Zimbabwe and insights drawn from the Austrian school of economics, the case is made that group lending and business training programs in urban Zimbabwe fail to meet the needs of most informal entrepreneurs because they offer a poor cultural fit with the target population, and because they are rarely able to cultivate entrepreneurial skills such as innovation and market discovery among their clients. Copyright Springer Science + Business Media, Inc. 2005

Keywords: Austrian economics; entrepreneurship; microfinance; group lending; informal sector (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/s11138-005-5591-5

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