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Importance of Green Investment and Entrepreneurship for Economic Development

In: Contemporary Entrepreneurship Issues in International Business

Author

Listed:
  • Gordana Djukic
  • Biljana Ilic

Abstract

Nowadays, many banks in Europe, as well as many financial institutions in general, have realised the need to change their business activities, and must pay attention to “how to invest”. A new approach to investing money is green investments. Green investments are part of the green economy that contributes to the sustainable development concept. This study provides a detailed description of the terms of green investments, green finance and green bonds. This is used to compare countries at different levels of sustainable development. Malaysia is a country that is much more on the road to economic sustainability, and it will be compared to Serbia, North Macedonia, and Bosnia and Herzegovina, as countries that are in the process of transition. We aim to present the best practices of green investment in developed countries and provide suggestions for these practices to be adopted and the actions required to implement them in less developed economies.

Suggested Citation

  • Gordana Djukic & Biljana Ilic, 2021. "Importance of Green Investment and Entrepreneurship for Economic Development," World Scientific Book Chapters, in: Pavlina Jasovska & Danielle Logue & Hussain G Rammal (ed.), Contemporary Entrepreneurship Issues in International Business, chapter 8, pages 195-220, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811228445_0008
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    More about this item

    Keywords

    Entrepreneurship; International Entrepreneurship; International Business; Early Internationalizing Firms; Multinational Enterprises; New Ventures; Start-Ups; Social Entrepreneurship; Intrapreneurship; Institutional Environment; Non-Market Strategies;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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