A New Momentum for Entrepreneurship: Latin America’s 4th Wave

Abstract

The chapter analyzed the conditions and challenges of entrepreneurship in Latin America. Looking at different stages of the Latin American context (ancient civilizations, postindependence/revolutions movements, neoliberalism), we argue that entrepreneurship in the region is under a fourth wave (the present globalization/geopolitical processes), flowing all across the region and manifests itself in different forms. Furthermore, it can be identified as a breaking point from the almost linear importation of Western positions, and proposing must be analyzed under a new perspective, where the future should be built around the different facets, positives and negatives, each of the waves had plunged into our societies. It is highlighted that new positions can be originated, and regional theories and methods can give a fresh, deep transformation and more precise understanding of Latin America in the present era, enriching the public policies in its diverse territories. The chapter invites to make a critical reflection to unleash entrepreneurship in the region, a millennial potential.