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Entrepreneurship in Venezuela

In: Entrepreneurship in South America

Author

Listed:
  • Nunzia Auletta

    (Entrepreneurship Center, IESA Business School)

  • Urbi Garay

    (Finance Center, IESA Business School)

  • Patricia Monteferrante

    (Entrepreneurship Center, IESA Business School)

  • Aramis Rodríguez-Orosz

    (Entrepreneurship Center, IESA Business School)

Abstract

Venezuelan entrepreneur’s face an enormous challenge in surviving both an economy that has collapsed (with an estimated cumulative GDP decline of 75% between 2014 and 2020), and a notorious absence of public policies aimed at promoting and consolidating a healthy entrepreneurship ecosystem. In spite of this, several remarkable dynamic initiatives prove that opportunities may arise for those with the motivations, right skills, and capabilities. The reconstruction of the Venezuelan business sector and its economy necessarily requires supporting and nurturing these types of individual initiatives. This effort requires that all actors of the ecosystem create opportunities for collaboration, as well as increasing the participation of new actors, such as the large and increasing Venezuelan diaspora.

Suggested Citation

  • Nunzia Auletta & Urbi Garay & Patricia Monteferrante & Aramis Rodríguez-Orosz, 2022. "Entrepreneurship in Venezuela," Springer Texts in Business and Economics, in: Léo-Paul Dana & Christian Keen & Veland Ramadani (ed.), Entrepreneurship in South America, pages 225-240, Springer.
  • Handle: RePEc:spr:sptchp:978-3-030-97060-4_14
    DOI: 10.1007/978-3-030-97060-4_14
    as

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