In particular, Social Enterprise has grown spectacularly in India, with the country being referred to as “A Social Enterprise Superpower by Think, a social action think tank and action hub, as well as “A hotbed for Social Enterprise by Beyond Profit magazine, a leading Social Enterprise magazine. Social Enterprises have been extremely effective in driving development in India, home to one of the world’s largest populations still living in poverty. On the other hand however, a country with seemingly similar characteristics in terms of large populations of poor rural folk, China, has seen only a nascent Social Enterprise sector. In contrast, 4 out of the 10 most innovative companies in India as ranked by Fast Company are social enterprises, an indicator of the maturity of the Social Enterprise sector domestically.
The question that arises from this observation, is thus one of “why has Social Enterprise grown so strongly in some countries and yet not others?” In particular, with China’s large rural poor demographic which bears a striking similarity to India, what is holding back the development of Social Enterprise in China?
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