Study of Entrepreneurialship in Developing Countries: The Development of One Chinese Concern in Indonesia

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Abstract
In the past many of us have been accustomed to visualizing developmental analysis as taking an inventory of physical resources, distributing them (or merely imagining them) in different fields of production, and then, according to preconceived ideas of technical coefficients, calculating future output. This might be termed the “skeleton” of economic theory. But the real meat of development lies in the efficiency of implementation of decisions, whether planned or laissez-faire. The efficiency of implementation depends on the quality of entrepreneurship; again, whether in publicly or privately owned establishments. This quality of entrepreneurship is determined by the attitude of management and labour leaders to supervision, morale and workers, breakdowns in machinery, commercial risks, and all uncertainties which cannot be effectively programmed. We believe it is taking an inadequate and misleading view of economic development to regard technical coefficients as reliable indicators of the fruitfulness of investments. For instance, a $10 million investment in steel in China might have quite a different impact on a range of economic indicators than the same investment in India.

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