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Published July 22, 2023 | Version v1
Journal article Open

THE ROLE OF ENTREPRENEURSHIP IN DRIVING ECONOMIC GROWTH IN DEVELOPING COUNTRIES

  • 1. 3rd year student at the University of World Economy and Diplomacy, Faculty of International Economics and Management

Description

This article aims to examine the pivotal role of entrepreneurship in driving economic growth in developing countries. It explores how entrepreneurship contributes to the creation of employment opportunities, stimulates innovation and technological advancements, attracts foreign direct investment (FDI), and promotes local industries and markets. The study highlights the positive impact of entrepreneurship on economic development and emphasizes the need for effective policies and support mechanisms to foster entrepreneurship in developing countries. By understanding the multifaceted contributions of entrepreneurship, policymakers can harness its potential to fuel sustainable economic growth and uplift communities in these nations.

 

 

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