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Study Examining New Technologies and Sustainable Development with a Focus on Social Entrepreneurship

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  • Preminger, Ambrose Jude

Abstract

The economy of today is characterized by rapid change at any given time. Adaptability is the key to success in such an environment. When one examines the historical development of economic theory, it becomes evident that the development of industry and the advancement of a community's economy are based on the development of new ideas and innovations. Without being at the forefront of science and innovation, it is unlikely that any country will be able to pass the development route. An important tool for achieving this goal is entrepreneurship. In an economic system based on entrepreneurship, innovators and owners of ideas are among the most important factors for the advancement of the system. Entrepreneurship is closely related to economic and social development, and it is considered an important indicator of development in developing countries today. In light of the special role and position of entrepreneurs in the process of economic growth and community development, many governments in developed and leading countries are attempting to foster the development of a number of community members with entrepreneurial characteristics. Aiming to maximize opportunities and exploit research achievements in order to promote entrepreneurship education and entrepreneurial activities. By promoting entrepreneurship and providing an environment conducive to growth and development, it will be possible to eliminate current issues and problems associated with entrepreneurship, as well as the unemployment of university graduates and the great problem of other unemployed persons. Research has shown that entrepreneurship can contribute to economic growth through a variety of channels. In order to create knowledge overflow in the new theories of growth, when the economy reaches sustainable status, income growth per capita would only be possible via knowledge growth, which would result in more efficient production technologies with greater productivity. With this context in mind, the intersection of social entrepreneurship, technology development, and sustainable development is very important in today's world. Developing entrepreneurship is essential to meeting these needs and achieving these goals.

Suggested Citation

  • Preminger, Ambrose Jude, 2022. "Study Examining New Technologies and Sustainable Development with a Focus on Social Entrepreneurship," MPRA Paper 115295, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:115295
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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