Saturday, February 7, 2009

"Entrepreneurship" in Zimbabwe

For all our high-brow talk about economic growth models and our theories connecting GDP, unemployment, inequality, nutrition, access to credit markets, land rights, and informal insurance networks, we "students" of development economics turn a blind eye to the reality on the ground. If you want to know what real entrepreneurship looks like in developing economies, take a peek at "Dave Mphele," who the Christian Science Monitor characterizes as a "one-man NGO, a mafia king, a doting father, [and] a shrewd businessman."

While I don't know how moral some of his activities may be, he's doing what he can to improve his lot in one of the world's worst economies. He represents the best (and possibly the worst) of the brand of capitalism unleashed when government and markets fail.

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