This paper discusses the economic and social development inspired by entrepreneurship in Brazil. In the past thirty years, Brazil has transitioned from an authoritarian military regime to a globalized democracy, growing into the undisputed entrepreneurial capital of Latin America. Economic and social-science studies suggest a correlation between increased entrepreneurial activity and a country’s development. Drawing on academic literature, business articles, and interviews with a range of entrepreneurs in São Paulo, the following article considers the effect of the entrepreneurial phenomenon in Brazil. After describing several of the challenges that remain for startups in the country, the conclusion discusses future implications of entrepreneurship in Brazil and the government’s potential role in removing further obstacles to capitalize on additional development.
Amalia Johnsson, Andrew Michael Sinclair, Gazelle Javantash, Helen Harris, Kelli Bissett, Lauren D. Klein, Mariam Otkhmezuri, Matthew Leatherman