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Poor people are business owners, too – but myths around poverty and entrepreneurship hold them back

  • Written by Michael H. Morris, Professor of the Practice, Keough School of Global Affairs, University of Notre Dame
Poor people are business owners, too – but myths around poverty and entrepreneurship hold them backAn unregistered backyard laundry service in Kathmandu, Nepal.Jonas Gratzer/LightRocket via Getty Images

Nearly 1 in 5 people in the world lives in poverty. Even in many developed countries such as the U.S., poverty rates exceed 12%. In an age of breathtaking technological progress and dynamic social change, poverty remains stubbornly persistent.

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