Entrepreneurship, job creation, income empowerment and poverty reduction in low-income economies
The fundamental objective of this paper is to provide an insight into the role of entrepreneurship in job creation, income generation and empowerment, and poverty reduction in low-income economies. Having provided a conceptual framework and the theoretical underpinnings of the linkages of entrepreneurship to job creation, income empowerment and poverty reduction from an economic perspective, the paper develops an entrepreneurial policy-relevant model for breaking the vicious cycle of poverty which has predominantly characterised low-income economies. The paper argues that entrepreneurship is the catalyst for economic growth and development through job creation, income empowerment and poverty reduction in an economy. However, to extend the culture of entrepreneurial thinking and promote entrepreneurship in an economy, it is imperative for governments and other relevant institutions to pursue functional policy goals in this endeavour. Therefore, in order to create high-income generating jobs opportunities and reduce poverty through entrepreneurship, there is the need for policy measures and intervention programmes that are critical and consistent with the objective of welfare improvements.
|Date of creation:||2009|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
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- Coleman, Brett E., 2006. "Microfinance in Northeast Thailand: Who benefits and how much?," World Development, Elsevier, vol. 34(9), pages 1612-1638, September.
- Khandker, Shahidur R., 2003.
"Microfinance and poverty - evidence using panel data from Bangladesh,"
Policy Research Working Paper Series
2945, The World Bank.
- Shahidur R. Khandker, 2005. "Microfinance and Poverty: Evidence Using Panel Data from Bangladesh," World Bank Economic Review, World Bank Group, vol. 19(2), pages 263-286.
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