4 Conclusions

As developing countries in Africa, the South Pacific and South America move into democratic political systems more emphasis will be placed on the free market economy.

As → entrepreneurship is the crucial element needed to spur business development, more importance will be placed on → innovation and → creativity in the business environment. Given the long history of some developing countries shifting from colonial outposts to high growth economies there will be an → entrepreneurial spirit instilled in individuals. The future of developing countries will be based on their ability to promote entrepreneurship and most importantly their willingness to be proactive, → competitive, aggressive and risk taking.

→ Strengths and Weaknesses of SMEs

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