Countries like Afghanistan, Iraq, South Sudan and Haiti “have a long way to go before earning the optimistic label ‘emerging markets,’” note the authors of a recent Inc. magazine series, Entrepreneurship on the Frontier.
Nonetheless, they say that these countries have become entrepreneurial hubs. The series, which explores entrepreneurial activity in some of these highly challenging and highly promising markets, underscores the opportunities that these places hold for small businesses and startups.
But why start a business in less-than-ideal conditions in a far-away place? The series offers at least two compelling reasons:
- “Conflict and post conflict countries offer huge opportunities”
- “Prosperity is an engine of peace”
OPIC, which has a long history of supporting private-sector investment in emerging and post-conflict regions around the country, also works to educate the American small business community about the opportunities in these markets. To that end, the Agency hosts a series of Expanding Horizons workshops around the country focused specifically on small businesses and the ways that OPIC can help them expand abroad. The next Expanding Horizons event will take place on June 27 in Fort Worth, Texas.
OPIC supports U.S. private sector investments in post-conflict regions like the Atlantic Village housing project in Iraq.