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There is a consensus in the literature on entrepreneurship on the crucial role of environmental conditions in the identification, development, and quality of entrepreneurial initiatives. Given the relevance of entrepreneurship and the lack of evidence, academic debates request more evidence regarding the main determinants of entrepreneurial activities in emerging economies. Inspired by these academic debates, the objective of this chapter is to provide a better understanding of the role of entrepreneurship in Mexico. Our preliminary results allow us to identify applied research trends to study the entrepreneurial spirit in Mexico, as well as elements to discuss the myths, realities, and challenges faced by Mexican entrepreneurs during the last government administration. Our chapter contributes with implications for entrepreneurs, researchers, and decision-makers.

COVID-19 has spread so quickly and uninterruptedly that it has put great pressure on the capacities of emerging countries, especially the Latin America area. Its impacts that will have on businesses and entrepreneurs, it can be inferred that the duration of this crisis is still uncertain; thus, the aim on this chapter is to aggregate the current knowledge on how COVID-19 has impacted the entrepreneurship, and their expectations in the short and medium term. We examined 37 articles published between 2020 and 2021. To develop the discussion, we conducted descriptive review including year, affiliation of the first author, type of study, research methods in reviewed papers, and the origin of the empirical sample. We follow our thematic analysis within four broad categories: (1) crisis; (2) digitalization; (3) education; and (4) employment. Our results show that the call to address grand challenges, particularly relate to digitalization, public policies focused on supporting entrepreneurs and education in entrepreneurship in the Latin America context.