Ventures in Rebuilding: The Role of Entrepreneurship in the Post-Disaster Context

Local Knowledge, No. 1, Summer 2008

10 Pages Posted: 7 Sep 2008

See all articles by Frederic Sautet

Frederic Sautet

The Catholic University of America (CUA) - Busch School of Business

Date Written: July 2008

Abstract

Disasters radically change people's lives and an area's economic environment. Some people lose their sources of income while simultaneously facing huge expenditures to make their homes habitable again. Others lose parts of their customer bases as people decide to leave the disaster-stricken area. In such situations, policy makers must decide which policies are most likely to help people rebuild their lives and the area's infrastructure and economy. The best option for policy makers is to unleash the forces of entrepreneurship. Because entrepreneurs have better incentives than government officials do to identify problems and provide solutions, the more chaotic a society is, the more it needs entrepreneurs to put it back on track. While post-disaster communities present institutional and policy challenges, the ingenuity of entrepreneurs can make a significant difference in whether a disaster-stricken area rebounds or stagnates.

Keywords: Entrepreneurship, Institutions, Post-Disaster

JEL Classification: M13

Suggested Citation

Sautet, Frederic E., Ventures in Rebuilding: The Role of Entrepreneurship in the Post-Disaster Context (July 2008). Local Knowledge, No. 1, Summer 2008, Available at SSRN: https://ssrn.com/abstract=1263978

Frederic E. Sautet (Contact Author)

The Catholic University of America (CUA) - Busch School of Business ( email )

Maloney Hall
620 Michigan Ave, NE
Washington, DC 20064
United States

HOME PAGE: http://business.cua.edu/faculty/sautet.cfm

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