*Economics and International Business Student at Universidad EAFIT, Colombia.
Considering institutions as a mechanism of social character that pursues order and regulation of conduct within a group of individuals and therefore has an influencing power on people’s acts and notions, it is undeniable that it has an impact on diverse areas of the social atmosphere, including people’s capacity and willingness to develop, organize and manage a business, what could be commonly define as entrepreneurship.
CEPALSTATS (2013). Statistics. Available online at: http://interwp.cepal.org/sisgen/ConsultaIntegradaFlashProc.asp
Transparency International (2013) Corruption Perception Index. Available online at: http://www.transparency.org/research/cpi/overview