Authors: Leo Paul Dana
Addresses: GSCM Montpellier, University of Canterbury, Private Bag 4800, Christchurch 8000, New Zealand
Abstract: While entrepreneurship takes place around the world, its expression reflects the specific nature of the market in which it takes place. This paper reports the findings of an exploratory study conducted in Bolivia, using ethnographic methods. In this market, much entrepreneurship activity takes place outside the firm-type formal economy. This paper compares the firm-type sector of the formal economy with the Bazaar and the Parallel Economy, which consists of informal, internal or covert economic activities. The findings suggest that in Bolivia, Kirznerian entrepreneurship takes place in the Bazaar, while Cantillonian entrepreneurial activities occur in the Parallel Economy.
Keywords: business; emerging markets; Bolivia; entrepreneurship; Bazaar; parallel economy; ethnography; entrepreneurial activity; parallel economy.
International Journal of Business and Emerging Markets, 2011 Vol.3 No.1, pp.75 - 88
Available online: 25 Dec 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article