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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 back

An 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.

As a professor of entrepreneurship, I’m interested in a critical question: Can people in poverty create their own path to prosperity? In other words, is venture creation a viable poverty alleviation tool?

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