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Women Entrepreneurs by Mauro F. Guillén

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23 Economic Development, Women Entrepreneurs, and the Future

Mauro F. Guillén

The journey through the world of women entrepreneurs in the previous chapters illustrates the dynamics of venture initiation and growth that characterize all entrepreneurial activity. They also speak to the specific opportunities and challenges faced by women entrepreneurs when compared to men, and the impact of the institutional context in developing and emerging economies. In his 1911 book, The Theory of Economic Development, Joseph Schumpeter presented the entrepreneur as the hero of the market economy. Decades later, in his famous book, Capitalism, Socialism and Democracy ([1942] 1975: 82), he argued that

Capitalism [. . .] is by nature a form or method of economic ...

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