Section VII: Entrepreneurship and Small Business

Title: The 'entrepreneurial remedy model': the tool to understand the entrepreneurial development in the western contra Arabic countries

Author(s): Adli Abouzeedan

Address: Breyer State University – Alabama Ingefarsgatan 52, Angered SE-424 44, Sweden

Reference: BUSINESS EXCELLENCE AND COMPETITIVENESS IN THE MIDDLE EAST AND NORTH AFRICA pp. 319 - 333

Abstract/Summary: A question which is often raised is why the developed countries have succeeded in maintaining a healthy entrepreneurial environment while the developing countries failed to do that. Dr. Adli Abouzeedan has tried to answer this question. He presented the concept of the Entrepreneurial Recycling Model (EREC). Abouzeedan claimed that, in case of the Arab world, the Entrepreneurial Recycling Processes were disrupted through mechanisms of elimination and destruction. In this paper, we took his work further and suggested an interlocking process where the cure to this situation is merged with the EREC to produce a new concept, the Entrepreneurial Remedy Model EREM. We started this paper by looking at how different actors can influence the entrepreneurial recycling processes. We then proposed the EREM. Running an analysis on the western world, we found that the EREM explains why the entrepreneurial environment has kept nourishing in these countries. Finally, we suggested some macroeconomic policies and strategies based on the EREM analysis which could help the developing countries, to create an entrepreneurial environment.

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