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According to the text, developing economies hinder the growth of entrepreneurial firms by requiring many regulatory procedures and costs.At the same time, these developing economies represent a rapidly growing consumer base. What arguments would you make to the leaders of these developing economies for removing obstacles to entrepreneurs? What specific changes would you recommend to make their country more encouraging towards entrepreneurs? How would you explain to them that the development of entrepreneurship benefits not just the entrepreneur, but the economy and society as a whole?

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CMR_244_Growing_and_Internationalizing_the_Entrepreneurial
_Firm (3)
1.
CMR_244_Growing_and_Internationalizing_the_Entrepreneurial
_Firm
1.1 Splash Page
1.2 Dealing With Foreign Exchange
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1.3 Learning Outcomes
1.4 Small and Medium-Sized Enterprises
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1.5 Entrepreneurship
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1.6 Institutions, Resources, and Entrepreneurship
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1.7 Institutions and Entrepreneurship
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1.8 Average Ranking on the Ease of Doing Business
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1.9 Resources and Entrepreneurship
1.10 Benefits of Global Economic Integration
1.11 Venture Capital Investment as a Percentage of GDP
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1.12 Informal Investment as a Percentage of GDP
1.13 Internationalizing the Entrepreneurial Firm
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1.14 International Strategies for Entering Foreign Markets
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1.15 An Export/Import Transaction
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1.16 International Strategies for Entering Foreign Markets (Continued)
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1.17 Stage Model
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1.18 International Strategies for Staying in Domestic Markets
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1.19 Determinants of Success and Failure of Entrepreneurial Firms around
the Globe
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1.20 Implications for Action
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1.21 Key Terms
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1.22 Module Completion
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