Social entrepreneurship has the potential to confront and address some of society’s most challenging and complex problems arising from market/government inadequacies or failures. Instead of focusing solely on financial value creation, social entrepreneurship centers on the creation of social value for disenfranchised members of society. However, little attention has focused on understanding the macro-level issues as well as impediments that influence the creation and development of social entrepreneurship firms. The purpose of this study is to investigate the economic and contextual factors that can stimulate or impede the emergence of social entrepreneurship. Much of the research has not fully explained the causes of differences in nations and none, to our knowledge, addresses the conditions under which social entrepreneurship flourishes.