The results obtained highlight the structural limitations of local clusters in Latin America as regards functioning as virtuous incubating environments, which demonstrates the need for strengthening the entrepreneurial process in local areas within the framework of comprehensive and systemic strategies. This requires the adequate assessment of the functioning of the factors that affect the new firm formation process in the areas and sector groups in which
they intend to be active. The limitations identified reveal that a key focus of activities, in addition to improving the business climate and strengthening pre-existing networks, is actions oriented toward developing networks extending beyond the local area and broadening the sources for innovative technical know-how. The strategy to be implemented in each locality will depend on such assessments.21 â–
Critical areas for the design of policies to promote entrepreneurship and intervention strategies are described in greater detail in Chapters 6 and 12.
21
74
Copyright Š by the Inter-American Development Bank. All rights reserved. For more information visit our website: www.iadb.org/pub
Developing Entrepreneurship: Experience in Latin America and Worldwide