Are poorer countries more entrepreneurial than rich ones?

[EricVonDoobie]

This thread is fascinatingly retarded.

Simple answer: 100% yes.

In countries that are less developed there is absolutely no choice but to be an entrepreneur. Want money? Go sell some shit. Go to any poor country and you'll get hounded by people selling the dumbest shit, and it works, and they make their living doing this. The poorer the country the more aggressive the selling is.

Until this is the case in the U.S. and the majority of people aren't working blue collar jobs then of course 3rd world countries are more entrepreneurial.

 

[Andrew Scherer]

That's one of the things I've liked about Mexico, it seems like everyone has their own business/side business/hustle.

It's a lot more entrepreneurial than back home, but the poverty creates this.

 

[clyde]

This thread is fascinatingly retarded.

Simple answer: 100% yes.

In countries that are less developed there is absolutely no choice but to be an entrepreneur. Want money? Go sell some shit. Go to any poor country and you'll get hounded by people selling the dumbest shit, and it works, and they make their living doing this. The poorer the country the more aggressive the selling is.

Until this is the case in the U.S. and the majority of people aren't working blue collar jobs then of course 3rd world countries are more entrepreneurial.

No. Being entrepreneurial and knowing how to hard-sell are two different things.

I live in a third world country and people are not more entrepreneurial here. The poor commit crimes out of desperation and the rich gets richer by making the poor poorer.

 

[vesper]

How can you grow and evolve your business when you can't find food in the local markets? I mean its getting bad down there.

 

[babylonian]

Serbian affiliate marketers arrested and held in prison for 8 months for doing .... affiliate marketing. They are still in prison, waiting for the trial!

Owners of Serbian betting portals arrested for affiliate marketing?

In other news ... Israel is a country with the most VC investments in 2009, more then any country in the world.

Q:
Why is Israel the ultimate “Start-Up Nation”?

A:
Israel has the highest density of tech start-ups in the world. More importantly, these start-ups attract more venture capital dollars per person than any country — 2.5 times the U.S., 30 times Europe, 80 times India, and 300 times China. Israel has more companies on the tech-oriented NASDAQ than any country outside the U.S., more than all of Europe, Japan, Korea, India, and China combined. But it’s not just about start-ups. Scratch almost any major tech company — Intel, Microsoft, Google, Cisco, Motorola, and so on — and you will find that Israeli talent and technology play a major role in keeping these multinational companies on the cutting edge.

How Did Israel Become "Start-Up Nation"? - NYTimes.com

 

[Dulce]

From my understanding....

Business bankruptcy is far greater of a stigma in European countries and other non-western cultures.

Where as in the US business bankruptcy is more of a speed bump for an idea that was tried and failed.

True.. in most countries bankruptcy means getting your ass thrown in jail until you can figure out a way to pay off your debts while behind bars. In the U.S. it means liquidating your assets and taking off on vacation while yelling "SO LONG SUCKERSS!" as your creditors end up writing the loss off on their taxes.

 

[Dulce]

This thread is fascinatingly retarded.

Simple answer: 100% yes.

In countries that are less developed there is absolutely no choice but to be an entrepreneur. Want money? Go sell some shit. Go to any poor country and you'll get hounded by people selling the dumbest shit, and it works, and they make their living doing this. The poorer the country the more aggressive the selling is.

Until this is the case in the U.S. and the majority of people aren't working blue collar jobs then of course 3rd world countries are more entrepreneurial.

I think you're looking at it superficially. Sure any 3rd world countries has people hustling shiat, especially to tourists, but they don't really have entrepreneurial drive and creative thinking. They do what they see being done and copycat it.

Take the typical market. You see a few score of vendors selling silk scarves. So somebody goes around to vendor to vendor looking for silk hankerchiefs and finally finds one. The next day, every vendor is selling silk hankerchiefs. The same goes on and on for every item: trinkets, foods, art, handicrafts.

The locals have no clue why it is people are buying this shiat which seems to be utterly useless to them. All they know is that they are. They never really attempt to understand WHY they are buying and WHAT they are looking for, or how they could market it better or leverage their selling opportunities. They just show up to the same stand every day peddling a bunch of crap they see people buying and call it a day.

Anyways, that's why I wouldn't think most of them are entrepreneurial.