According to the text, developing economies hinder the growth of entrepreneurial firms by requiring many regulatory procedures and costs.

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According to the text, developing economies hinder the growth of entrepreneurial firms by requiring many regulatory procedures and costs. At the same time, these developing economies represent a rapidly growing consumer base. What arguments would you make to the leaders of these developing economies for removing obstacles to entrepreneurs? What specific changes would you recommend to make their country more encouraging towards entrepreneurs? How would you explain to them that the development of entrepreneurship benefits not just the entrepreneur, but the economy and society as a whole?

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