Entrepreneurship in Transition Economies: Selected Characteristics and Relevant Lessons for Cuba

Mario A. González-Corzo
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Mario A. González-Corzo: Department of Economics and Business, Lehman College, City University of New York (CUNY), USA
Authors registered in the RePEc Author Service: Mario A. Gonzalez Corzo ()

Journal of Enterprising Culture (JEC), 2015, vol. 23, issue 01, 91-115

Abstract: The experiences of the former socialist countries of Central and Eastern Europe, and the former Soviet Union demonstrate that entrepreneurs can make important contributions in transition economies. The most notable include employment creation, the efficient utilization of human capital, and positive externalities resulting from the entrepreneurial drive to experiment, innovate, and adapt. In these countries, as well as in China and Vietnam, the transition from the classical socialist system facilitated the emergence of four types of entrepreneurs (agricultural entrepreneurs, informal sector operators, cadre entrepreneurs, and professional entrepreneurs), which mainly engaged in three principal entrepreneurial strategies: prospecting, networking, and boundary-blurring. The experiences of the former socialist countries offer valuable lessons for Cuba, as it continues to rely on the reduction of the State sector and the expansion of small-scale private entrepreneurial activities in the emerging non-State sector as one of the principal policy measures to gradually "update" its socialist economy.

Keywords: Entrepreneurship in transition economies; post-socialist economies; Cuba (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1142/S0218495815500041

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