Laurent De Serres Berard

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A particularly virtuous aspect of the rural entrepreneurship in the 1980s is that it occurred among the low socioeconomic groups of the society. SEBS1991 shows that only 12.3 percent of the rural respondents had held a prior village or enterprise leadership position before becoming an entrepreneur. SEBS1991 asked about motivations for going into entrepreneurship. In response to this question, 62 percent of the rural entrepreneurs cited “to make a living” as their motivation for going into business, compared with 19.8 percent who answered “to make additional money.” Thus, their entrepreneurial ...more
Capitalism with Chinese Characteristics: Entrepreneurship and the State
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