Black Entrepreneurship

Paper Summary:

In this essay, the writer examines two books addressing the topic of black entrepreneurship, Robert Wallace's 'Black Wealth Through Black Entrepreneurship' and Shelly Green and Paul Pryde's 'Black Entrepreneurship in America'. The writer notes that both volumes examine the relative lack of wealth in the black community, despite the removal of legal restrictions on black participation in the business area, such as limitations on ownership, hiring and promotion discrimination, and discrimination in lending and capital provision to minority entrepreneurs. The writer discusses that each book analyzes the specific influences on the black community, and possibly the culture, which contribute to this lack of entrepreneurship and capital ownership.

From the Paper:

"Green and Pryde's book more directly addresses the issue, specifically examining social criteria necessary for a business class to be created and the lack of these phenomena in the black community. The need for resources is a major factor in the creation of a business class and in the encouragement of entrepreneurship among a community, and although the black communities tend to have fewer financial resources than their white counterparts, Green and Pryde note that they are far from impoverished as a class. They note that new economic activity tends to spring up where resources, especially money, are available to support it, but in spite of this, the black community has not seen such a spurt of new business ventures. The black community, say Green and Pryde, is not nearly as poor as its cultural mythology and popular culture would have it believe."

Sample of Sources Used:

• Greene, S. and P. Pryde, Black Entrepreneurship in America New Brunswick, NJ: Transaction Publishers, 1990
• Wallace, Robert, Black Wealth Through Black Entrepreneurship. Apu Publishing Group, 1996.

More papers on Black Entrepreneurship:

• Article Review # 95689 : "Black Market Birth Control"
• Analytical Essay # 132111 : "Female Entrepreneurship and Feminism"
• Essay # 71986 : "Entrepreneurship"

APA Citation:

MLA Citation: