Public policies for the promotion of entrepreneurship: an analysis of the economic conditions of the Municipality of Cotorra in the period 2008-2018

Abstract

The objective of this research is to describe the main challenges facing public policies for the promotion of entrepreneurship in the municipality of Cotorra, located in the department of Córdoba (Colombia), developed from the national and local regulatory framework established by public administrations. The methodology used was descriptive and not experimental in the field, based on the review of public policies for the promotion of entrepreneurship applied to the regional, national and international context, as well as the application of semi-structured interviews to key informants of the ecosystem of entrepreneurship in the municipality of Cotorra. The results show how, although Colombia has one of the best regulatory frameworks among Latin American countries, there are weaknesses in essential elements for the promotion of a dynamic entrepreneurship. Specifically, it is necessary to make efforts in the factors of education and culture of entrepreneurship to promote greater socio-economic impact of public policies to promote entrepreneurship in Colombia, and especially in the municipality of Cotorra. Additionally, in the case of the municipality of Cotorra, there is evidence of the existence of little investment capital, limited strengthening of academic training and predominance of livelihood entrepreneurship.