Paper, Order, or Assignment Requirements

After the split with communism, transition economies were struggling to establish formal institutions of capitalism (private ownership, market competition and establishment of private enterprises). Small firms were portrayed as cornerstones of economic development. However, badly managed privatisation  policy and underdeveloped institutional framework did not help in promoting entrepreneurship and small business development. You can look at the obstacles which prevented development of entrepreneurship (such as property rights, bribery and corruption) and you can frame your argument around these unique transition features. Think how (if) entrepreneurship/entrepreneurs in transition economies are different from the entrepreneurship/entrepreneurs in Western developed economies? You can also look at developing economies or BRIC countries.

Please first define what is entrepreneurial behaviour. Give reason and examples for “do” and “do not”. Choose a side to stand for in conclusion.