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Poverty and Entrepreneurship in Developed Economies

Michael H. Morris, Susana C. Santos and Xaver Neumeyer

While extensively explored as a solution to poverty at the base of the pyramid, this is the first in-depth examination of entrepreneurship and the poor within advanced economies. The authors explore the underlying nature of poverty and draw implications for new venture creation. Entrepreneurship is presented as a source of empowerment that represents an alternative pathway out of poverty.
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About the authors

Michael H. Morris, Susana C. Santos and Xaver Neumeyer

Dr. Michael H. Morris holds the James W. Walter Eminent Scholar Chair at the University of Florida, and was formerly the Malone Mitchell Chair in Entrepreneurship at Oklahoma State University. A pioneer in curricular innovation and experiential learning, he has built top-ranked entrepreneurship programs at four universities. His entrepreneurial outreach efforts have facilitated the development of hundreds of ventures, including extensive work with low-income and disadvantaged entrepreneurs across the United States and in South Africa. Dr. Morris has published 12 books and over 180 scholarly research publications. He is co-editor of the Prentice-Hall Entrepreneurship Series and a Past President of the United States Association for Small Business and Entrepreneurship. A former Fulbright Scholar, he was selected as one of the top 20 entrepreneurship professors in the United States by Fortune Small Business. Dr. Morris has been awarded the Edwin & Gloria Appel Prize for contributions to entrepreneurship, the Leavey Award from the Freedoms Foundation for impacting private enterprise education, and the Dedication to Entrepreneurship Award from the Academy of Management. He received his Ph.D. from Virginia Tech.

Dr. Susana C. Santos is an Assistant Professor of Entrepreneurship at Rowan University. She received her Ph.D. from ISCTE-IUL, Instituto Universitário de Lisboa, Portugal and completed her post-doctoral program at the University of Florida. Her main research interests are focused on the cognitive and psychosocial processes of entrepreneurship at individual and team level. Other streams of research include entrepreneurship education, entrepreneurial ecosystems and poverty and entrepreneurship in developed countries. Susana has published in several journals such as Small Business Economics, Journal of Small Business Management, Journal of Business Research, Creativity and Management Journal, International Entrepreneurship and Management Journal, Journal of Cleaner Production, Journal of Career Assessment, and International Journal of Entrepreneurial Behavior and Research, among others. Susana received the Excellence in the Entrepreneurship Classroom Award at the Experiential Classroom XVI in 2015.

Dr. Xaver Neumeyer is Assistant Professor of Entrepreneurship at the University of North Carolina at Wilmington. He received his Ph.D. in mechanical engineering from Northwestern University in 2014 and his M.Sc. in Mechanical and Aerospace Engineering from the Illinois Institute of Technology in 2006. He also completed a Post-doctoral Bridge Program at the University of Florida. His research interests include entrepreneurial ecosystems (formation, interaction effects, and measurement), as well as how these ecosystems shape or are shaped by entrepreneurs. Xaver has published in several journals such as Small Business Economics, Journal of Small Business Management, International Entrepreneurship and Management Journal, and Journal of Cleaner Production, among others.