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An often-overlooked aspect of entrepreneurship in American is its role in emerging domestic markets (EDM). These markets - low-to-moderate income communities, ethnic- and women-owned businesses, urban areas - are frequently ignored by mainstream markets. Yet with current demographic trends, they are an increasingly large component of the US population. Entrepreneurship can serve as a means to foster business development in these emerging communities and as a critically important way to improve the standard of living in low- and moderate-income (LMI) sectors.
Increasingly, policy makers, advocates and investors understand national economic growth demands business formation among all segments of the market, and that the best attack on poverty is job and wealth creation. A robust entrepreneurial climate helps address the challenges and harness the opportunities.
"Entrepreneurship in Emerging Domestic Markets: Barriers and Innovation" is a compendium of papers written by the leading researchers and practitioners from the fields of finance, public policy, entrepreneurship, and economics. With this volume, the editors aim to provide scholars, students, investors, policymakers, and the business community a resource that explores the issues surrounding entrepreneurship in EDM communities.
List of contents
Entrepreneurship in Low and Moderate Income Communities.- Alleviating the Lagging Performance of Economically Depressed Communities and Regions.- State of Literature on Small- to Medium-Sized Enterprises and Entrepreneurship in Low-Income Communities.- On Government Intervention in the Small-Firm Credit Market and Economic Performance.- Stumbling Blocks to Entrepreneurship in Low- and Moderate-Income Communities.- The Role of Morris Plan Lending Institutions in Expanding Consumer Microcredit in the United States.- Policies to Expand Minority Entrepreneurship: Closing Comments.
About the author
James R. Barth is Lowder Eminent Scholar in Finance at Auburn University and Senior Finance Fellow at the Milken Institute.
Summary
An often-overlooked aspect of entrepreneurship in American is its role in emerging domestic markets (EDM). These markets – low-to-moderate income communities, ethnic- and women-owned businesses, urban areas – are frequently ignored by mainstream markets. Yet with current demographic trends, they are an increasingly large component of the US population. Entrepreneurship can serve as a means to foster business development in these emerging communities and as a critically important way to improve the standard of living in low- and moderate-income (LMI) sectors.
Increasingly, policy makers, advocates and investors understand national economic growth demands business formation among all segments of the market, and that the best attack on poverty is job and wealth creation. A robust entrepreneurial climate helps address the challenges and harness the opportunities.
“Entrepreneurship in Emerging Domestic Markets: Barriers and Innovation” is a compendium of papers written by the leading researchers and practitioners from the fields of finance, public policy, entrepreneurship, and economics. With this volume, the editors aim to provide scholars, students, investors, policymakers, and the business community a resource that explores the issues surrounding entrepreneurship in EDM communities.
