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People who live in poor countries have to be entrepreneurial even just to survive.
Ha-Joon Chang
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Interpretation

What this quote means

In impoverished nations, individuals must be resourceful and innovative to meet their basic needs.

This quote highlights the necessity for entrepreneurship in low-income countries, where survival often depends on the ability to create opportunities, innovate, and make use of limited resources. People in these environments face numerous challenges, leading them to adopt entrepreneurial behaviors simply to secure food, shelter, and other essentials, demonstrating resilience and creativity in difficult circumstances.

Themes

EntrepreneurshipSurvivalInnovationPovertyResourcefulness

In practice

Example use cases

In a discussion about economic development strategies.

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The widely accepted assertion that, only if you let markets be will everyone be paid correctly and thus fairly, according to his worth, is a myth. Only when we part with this myth and grasp the political nature of the market and the collective nature of individual productivity will we be able to build a more just society in which historical legacies and collective actions, and not just individual talents and efforts, are properly taken into account in deciding how to reward people.
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There is no such thing as a free market.
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[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.
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