Entrepreneurship in Venezuela

Nunzia Auletta (), Urbi Garay (), Patricia Monteferrante () and Aramis Rodríguez-Orosz ()
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Nunzia Auletta: Entrepreneurship Center, IESA Business School
Urbi Garay: Finance Center, IESA Business School
Patricia Monteferrante: Entrepreneurship Center, IESA Business School
Aramis Rodríguez-Orosz: Entrepreneurship Center, IESA Business School

A chapter in Entrepreneurship in South America, 2022, pp 225-240 from Springer

Abstract: Abstract Venezuelan entrepreneur’s face an enormous challenge in surviving both an economy that has collapsed (with an estimated cumulative GDP decline of 75% between 2014 and 2020), and a notorious absence of public policies aimed at promoting and consolidating a healthy entrepreneurship ecosystem. In spite of this, several remarkable dynamic initiatives prove that opportunities may arise for those with the motivations, right skills, and capabilities. The reconstruction of the Venezuelan business sector and its economy necessarily requires supporting and nurturing these types of individual initiatives. This effort requires that all actors of the ecosystem create opportunities for collaboration, as well as increasing the participation of new actors, such as the large and increasing Venezuelan diaspora.

Date: 2022
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DOI: 10.1007/978-3-030-97060-4_14

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