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ARE UGANDAN ENTREPRENEURS THAT INSULATED FROM THE GLOBAL ECONOMY? Rebecca Namatovu, Samuel Dawa, Fiona Mulira Makerere University Business School, Kampala, Uganda [email protected] [email protected] [email protected] Abstract Objectives: The study focused on the following objectiv es; to determ ine the effect of the global economic crisis on the ent rep ren eur ial env ironment in Uga nda. To compare ent rep reneurs’ per cep tions of the entrepreneurial environment in the other factor driven economies with those of entrepreneurs in Uganda during the last twelve months. Factor driven economies are described as those countries w ith low levels of economic development, with a typically large agricultural sector, which provides subsistence for the majority of the population who mostly still live in the countryside. They include Uganda, Venezuela, Saudi Arabia, Kingdom of Tonga, Yemen, Jamaica, Guatemala, Algeria Lebanon, Syria and West bank and Gaza strip Methodology: Data is derived from the Global Entrep reneurs hip Monitor survey which uses a multi stage random sampling. It was conducted in all four regions of Uganda; with a sample size of 2091 adults (18- 64years). Similar data collection was done in the other factor driven economies. The findings of the study show that although the Total Entrepreneurial Activity (TEA), in Uganda has improved albeit not significantly since 2004 to 2009 when a similar study was done, 35.91% of the Ugandans believed that starting a business during the economic crisis was more difficult than it was a year ago. This figure however is lower than the 42% average of the other factor driven economies. Furthermore, 35.66% of the Ugandans believed that growing a business this year was more difficult than it was a year ago which in comparison is lower than the 43% average of the other factor driven economies. Only 47% of Ugandan entrepreneurs in comparison to 65% of other factor driven economies believe that there are fewer bus ines s opport uni ties . 52% and 42% resp ecti vely , of the esta blis hed bus ines ses own ers in Uga nda believed that startin g and growin g a busines s this year was more difficu lt than it was a year ago. All these are below the factor driven economy’s average. In summary Ugandan entrepreneurs unlike their counter parts in other factor driven economies perceive a lower negative effect of the crisis to their entrepreneur ial effort. Key words: En trep ren eurs hip , Glo bal Economic Cri sis, Uga nda, Factor Dri ven economies, Total Entrepreneurial Activity 1 Background

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