 Historical evolution of entrepreneurial development in the global South: The case of Ghana, 1957–2010Joseph Amankwah-Amoah and Yingfa Lu Science and Public Policy, 2019, vol. 46, issue 2, 161-172 Abstract: 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 (1957–66), where large-scale nationalization and establishment of state-owned enterprises hampered development of private enterprises. The second phase was the turbulent period (1967–79), 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’. Keywords: entrepreneurial development; Ghana; Africa; government policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:scippl:v:46:y:2019:i:2:p:161-172. Access Statistics for this article Science and Public Policy is currently edited by Nicoletta Corrocher, Jeong-Dong Lee, Mireille Matt and Nicholas Vonortas More articles in Science and Public Policy from Oxford University Press |
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