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How One Becomes an Entrepreneur in a Transitional Economy? The Case of Manufacturers in Laos

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  • Towa TACHIBANA

Abstract

With the exhaustive life histories of 24 manufacturers in Laos, we address two is-sues concerning entrepreneurial supply in transitional economies: the impacts of open-economy policy and the "trigger" for entrepreneurial choice. We do not focus on the personal attributes of entrepreneurs but on their rational choice between the expected returns from entrepreneurial and traditional activities. We found that experiences in and with foreign institutions facilitate the entrepreneurial choice in modern manufacturing sectors; these experiences appear to reduce uncertainty in new business opportunities. Moreover, those entrepreneurs who rely on connec-tions with government offices seem to choose relatively traditional products, e.g., furniture.

Suggested Citation

  • Towa TACHIBANA, 2010. "How One Becomes an Entrepreneur in a Transitional Economy? The Case of Manufacturers in Laos," GSICS Working Paper Series 22, Graduate School of International Cooperation Studies, Kobe University.
    • Handle: RePEc:kcs:wpaper:22
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    File URL: http://www.research.kobe-u.ac.jp/gsics-publication/gwps/2010-22.pdf
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    References listed on IDEAS

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