Yes, Entrepreneurship for Development Really Works

Another point on the board for the Marie Mae Business School: New evidence shows that business training reduces poverty more effectively than other approaches, and that people tend to choose entrepreneurship over factory work.

The results come from a study conducted by Christopher Blattman, a University of Chicago researcher, and Stefan Dercon at the University of Oxford, which looked at the impact of different job choices for workers in Ethiopia. 

Here’s what the organization implementing the study found: 

“Offers of business training and cash grants improved job applicants’ economic outcomes while offers of industrial positions did not. When constraints to self-employment were removed, employment seekers preferred entrepreneurship and self-employment to industrial opportunities.” 

Which suggests that programs like the Marie Mae business school can provide workers with a healthier and higher-earning alternative to dangerous conditions in low-wage sweatshops. Marie Mae Company teaches classes on topics like product development, contract negotiations, and public speaking to students in emerging markets for each item purchased, to help remove the skill constraints that can stand in the way of building a small business.

 The evidence appears particularly strong: The study collected data over five years from several companies using one of the most rigorous social science methodologies available, and similar trends in other markets mean its conclusions are likely to apply more broadly.

 So you can feel good knowing that you’re really doing good through Marie Mae, and in continuing to offer your support. 

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Huge thanks to our guest blogger
Adrienne works in the digital media space on a bunch of market research and insights projects. She’s a member of the SAIS Mafia, loves running and doing yoga, and isn’t one to waste a good selfie.