ABSTRACT
A robust body of literature has examined the drivers, processes and outcomes related to entrepreneurship in the developed world, yet knowledge about entrepreneurship in developing countries remains limited. Entrepreneurship in the developing world may have received less scholarly attention than it has in richer countries because it could have appeared to emerge later (Djankov et al. 2006), which could be attributed to later independence, post-independence and transition periods in much of the developing world. In some countries, such as those with a socialist history like India (Djankov et al. 2006), regulatory conditions imposed by central planning stifled potential activity. In other countries, such as Lithuania, only some forms of business activity were allowed (Aidis and van Praag 2007). This does not mean that entrepreneurship did not occur – rather, information about its incidence and prevalence was limited and, therefore, research was limited.
