What impact does poverty have on entrepreneurial creativity?

Apr 20, 2016

$A vendor hands change back to a customer at her market stall with price tags marked in Cuban pesos in Havana October 23, 2013. Cuba took the first step towards scrapping its two-tier currency on October 22, 2013, in a move which could boost local workers' income and remove a major hurdle for importers and exporters. Cuba's convertible peso (CUC) is pegged to the U.S. dollar, while the local peso (CUP) is valued at a fraction of the greenback's value, angering the population which is paid in the latter, and complicating accounting, the evaluation of performance, and trade for state companies.$

Research has examined the role poverty plays in entrepreneurial creativity. Image: REUTERS/Desmond Boylan

Terry Lavender

Writer, University of Toronto

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