Legal and legislative policies of the different countries

Over the years, challenges facing entrepreneurs have shifted from general to specific considerations where customer orientation has become the overall gauge for effective progress.

Most of the developing countries have poor supporting policies in their own jurisdictions. Notably, over 75% of developing countries have suppressive legislations that are inclined to encouraging the local investors while discouraging the international ones. This has been linked to the slow growth and development in these countries.

Notably, these policies are directly aimed at articulating bureaucratic demands in the name of protecting the local players. Scholars have referred to these policies as the main icons in denying people the freedom of choice. On the other hand, most of the developed countries have strongly supportive policies that view entrepreneurs as part of the main supportive systems for them in terms of jobs provision for a country. During the period before 1978, airline business in US was only restricted to few players in the industry.

However, even the present system demands that the investors meet various standards of technology in terms of the overall technology and safety. They also contribute greatly towards countries overall revenue income. To add to that, external investors have much reduced autonomy to utilize their capital which is not freely allowed out of the country (United Nations Development Program (UNDP), 2008, pp. 121-122). However, investors from US have much reduced restrictions to invest in the country as well as outside.