A country’s strong and solid ability to provide its people with ample opportunities to better themselves plays a very important role in determining its overall success. This importance is not only in terms of entrepreneurship and economic status, but also in such fields as education and health. For small- and large-scale entrepreneurs alike, one of the most difficult challenges today is that of finding the opportunity to expand their businesses, and in the process provide products and services that nobody else has thought of before. With this in mind, the Legatum Institute has therefore presented an updated list of the Countries with the Least Opportunity in the World today.
The Sub-Saharan African Region
Sub-Saharan African countries ranked the lowest in the UK-based think tank’s list of a country’s overall prosperity. All of these are given their individual scores, and the aforementioned countries came out with weak scores in many, if not all, of these sub-indices. Other countries, some of which are not necessarily located in sub-Saharan Africa but still with low Entrepreneurship and Opportunity scores, are Angola, Mali, Zimbabwe, Benin, Syria, Iraq, Sudan, Yemen, Uganda, Cameroon and Rwanda.
The Case of Ethiopia
Ethiopia has one of the
fastest growing economies in the world, due largely to the huge role being
played by small enterprises in its economic progress and advancement. Possessing
the second-largest population of all the countries in sub-Saharan Africa, its
small industries currently have taken a strong stand in the effort to bring the country's
economy out of the rut. Labor-intensive industries in particular are expected to
benefit significantly from Ethiopia’s large population of no less than 88 million
Causative Factors for Poor Rankings in Opportunity
Low rankings for economy.
Ranking Of The Worst Countries For Entrepreneurs
- View information as a:
|Country||Legatum Index Worst Entrepreneurship/Opportunity Ranking|
|Central African Republic||1|
|Democratic Republic of the Congo||9|
|Republic of Congo||14|