Changes

Looking Toward the Future

Despite all of the potential benefits of entrepreneurial foreign policy, there seems to be a disconnect between these proposed successes and actual implementation. Inc.com reports that U.S. venture capital, both private and public, largely avoid foreign companies. Foreign Affairs calls for more developing nations to follow venture capital strategies in their near future. While past precedent such as the “Miracle of Chile,” and current programs at the State Department lend credence to the policy of “developmental entrepreneurship,” implementation still appears to be falling short. If more smart policies focused on non-competition, entrepreneurial institutions, available capital, and ecosystem growth can be implemented in viable nations abroad, perhaps future socio economic miracles can spring up all throughout the world.