Entrepreneurship: Does it Elevate Independence in a Developing Economy? (original) (raw)

Introduction: Entrepreneurship and Economic Development

Regional Studies, 2004

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Entrepreneurship in Developing Countries

This paper reviews the literature on economic development from import substitution to export promotion. It then examines the literature on entrepreneurship and economic development creating a framework for promoting development through demonstration effects, knowledge and information externalities and network externalities. It finished with an examination of public policies.

Entrepreneurship and Economic Development: Theory, Evidence and Policy

Theory, Evidence and Policy * This paper provides an overview of the state of the art of the intersection of development economics and entrepreneurship. Given the relative neglect of entrepreneurship by development scholars it deals with (i) recent theoretical insights from the intersection of entrepreneurship and development studies; (ii) the empirical evidence on the relationship between entrepreneurship and development; and (iii) fresh insights for entrepreneurship policy for development that emerges from recent advanced in this area, including female entrepreneurship in developing countries.

Entrepreneurship and socioeconomic development

African Journal of Economic and Management Studies, 2015

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Thirteenth Biennial Conference on Entrepreneurship

Thirteenth Biennial Conference on Entrepreneurship’, Held During February 20-22 at EDII Ahmadabad, Gujarat, India, 2019

Informal sector business is a highly growing sector of Bangladesh which is defined as the businesses that are neither taxed nor monitored by any form of government or authority. A large number of small and medium enterprises (SMEs) fall into this category of the informal sector of businesses. The major driving forces behind the growth of informal sector businesses in Bangladesh are the rise in household demands for goods and services manufactured and supplied by them as well as the rise in demand for intermediate inputs. Unlike the formal economy, activities of the informal economy are not included in the country's Gross National Product (GNP) or Gross Domestic Product (GDP). The largest numbers of employments of Bangladesh are also created by this sector. At present, more than eighty percent employments of the country are in informal sector. As the businesses of this sector are highly fragile, the employments in this sector are also vulnerable in nature. These informal businesses are highly unregulated and unrecognized in the country. People who are engaged in this sector include wage laborers, self-employed persons, unpaid family labor, piece-rate workers, and other hired labors. The informal sector businesses are mainly engaged in toiletries, electronics, clothing, household accessories, stationery, fruits, vegetables, foods, etc. Although, informal sector businesses have a significant contribution to the economy of Bangladesh, the entrepreneurs of this sector are neglected by the government and other supporting organizations. Hence, this study aims at identifying the socioeconomic status of informal sector business entrepreneurs so that they can properly be addressed by the appropriate authorities and the policymakers of the country. For conducting the study, 212 informal sector business entrepreneurs located in Dhaka city were interviewed with a structured questionnaire. Descriptive and inferential statistics were used to analyze the data. Results show that the informal sector entrepreneurs of Bangladesh face an unfavorable business environment that is mainly characterized by a number of challenges such as, no stable place for business, low technical, administrative and government support, no marketing knowledge, lack of scope for professional development, etc. Study also found that the socioeconomic status of the entrepreneurs has been improved by their attachment with these businesses. It improved standard of living of the entrepreneurs, use of gas in cooking, increase safety in working lives, improved housing and medical facilities, increased savings and deposits in banks, increased awareness about the people and the society. This study suggests that the policymakers of Bangladesh should extent supports to the informal sector entrepreneurs in or to increase their contributions to economy of the country.

Entrepreneurship and Development

This paper offers an alternative to the more orthodox psychological approach to the study of entrepreneurship. It suggests that an adequate theory of entrepreneurship must consider a country's political and economic history and especially the way in which this history has structured the oppor­ tunities for economic gain open to social groups in the society. It further suggests that due to the different historical experience of underdeveloped countries, and especially international monopoly capital, these opportunities will be differently structured in such societies. Whilst the particular structure may not lead to development, it will be maintained by the class structure and political system which emerges in such societies and which may resist attempts to alter that particular structure of economic opportunities. However, while such opportunities are so structured, analysis of entre­ preneurship must also consider why there might be differential response to such opportunities in a society. This, it suggests, can be explained in terms of the degree of role continuity and congruity in economic roles in the society. Consideration of both the historical and the economic role level is essential for the study of entrepreneurship.

Entrepreneurship prompts institutional change in developing economies

The Review of Austrian Economics, 2020

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The Role of Entrepreneurs within a developing nation

2012

With the developing country of Zimbabwe chosen as the focus of this study due to the multiple socioeconomic challenges it faces, this dissertation seeks to establish whether the proliferation of entrepreneurs is the key to economic and social prosperity. In order to accomplish this, three research objectives are set and evaluated in turn through an extensive literary review. Findings from the review are augmented, validated and contrasted with findings from interviews held with six leading authorities within the Zimbabwean socioeconomic arena.