Country and Country Group Performance

In this section, we compare the entrepreneurial performance of countries within regions. As we have already seen, the entrepreneurial performance of countries can vary widely across the world. This is because, for example, countries in different stages of development may exhibit similar features, whereas differences across stages of development are usually larger. The significant differences between stages of economic development mean that not much can be learned by comparing a rich country like the United States to a poor country such as Zambia because the economic conditions in these two countries are so different. It makes much more sense to compare countries to similar nations, as this allows meaningful comparisons and helps us make better sense of the patterns we see in the data.