scholarly journals SMME business management: The role of institutions and government

2016 ◽  
Vol 14 (1) ◽  
pp. 559-568 ◽  
Author(s):  
Michael Colin Cant
Keyword(s):  
Economic Growth ◽  
Small Businesses ◽  
Poverty Alleviation ◽  
Business Management ◽  
Job Creation ◽  
Clear Indication ◽  
The World ◽  
Level Of Knowledge ◽  
Lack Of Commitment

The role and importance of small, medium and micro-enterprise (SMME) all over the world cannot be disputed. It is a known fact that SMMEs are responsible for the creation of jobs in all economies, and that in Africa, specifically poverty alleviation, economic growth and job creation is in the hands of SMMEs. Many organisations – local and international – invest billions of dollars in the upliftment of SMMEs by means of various actions, interventions and activities. It is also evident that most of these initiatives result in a lot of wastage, or does not reach its potential due to a variety of reasons. Although many of the reasons for this can be laid at the door of the SMMEs themselves, much blame can be appropriated to the institutions themselves. Staff employed to implement these actions are either not committed, or not trained, or not qualified to assist these SMMEs. This has led to the study conducted amongst 946 SMMEs in South Africa, using non-probability sampling regarding their experiences dealing with organisations providing assistance to SMMEs. The focus was on aspects such as: how queries were handled by the various management levels of the institutions, types of queries submitted, type of assistance received, and how problems were overcome by SMMEs. There was a clear indication that there is a lack of commitment from staff of these support organisations, their level of knowledge and their willingness to assist. The majority of respondents indicated that small businesses were not seen as important enough to warrant sufficient and dedicated attention. The nett effect is that the assistance offered to SMMEs is ineffective or not sufficient to address the needs of SMMEs – resulting in a culture by organisations to “just tick the boxes”. Recommendations are made on how the needs of SMMEs can be better addressed by organisations that aim to support and assist SMMEs.

The Role of Education and Technology Adaptation in Poverty Reduction in Indonesia

2021 ◽  
Vol 1 (1) ◽  
pp. 124-127
Author(s):  
Novi Firmawati ◽  
◽  
Budi Sasongko
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Poverty Reduction ◽  
Moving Average ◽  
Negative Relationship ◽  
Secondary Data ◽  
Technological Adaptation ◽  
Education Investment ◽  
The People

This study examines the role of education in improving technology adoption as reflected in technology inclusion, poverty alleviation and efforts to increase community income which is reflected in economic growth. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We found that education investment and technology inclusion were positively related to economic growth. And,negatively related to probability. This indicates that education plays a role in encouraging technological inclusion which reflects technological adaptation and encourages economic growth which is an indicator of the prosperity of the people in Indonesia which is strengthened by a negative relationship with poverty which indicates that education plays an important role in poverty alleviation

Is Entrepreneurship Education Key to All Entrepreneurial Initiatives?

2021 ◽  
pp. 45-63
Author(s):  
Joana Costa
Keyword(s):  
Economic Growth ◽  
Entrepreneurship Education ◽  
Individual Characteristics ◽  
Entrepreneurial Activity ◽  
The Core ◽  
Knowledge Based ◽  
The World ◽  
Employment Generation ◽  
Different Cultures

Entrepreneurship is a worldwide reality. Since the beginning of times and all around the world people have created businesses. Entrepreneurial orientation, from a macroeconomic perspective, allows income and employment generation, thus boosting growth. At the microeconomic level, it is a competition booster playing a central role in a globalized market. In this entrepreneurial ecosystem in which knowledge-based activity is the core booster of employment, economic growth, and competitiveness, universities and, in particular, entrepreneurial universities play either the role of knowledge production and dissemination. The present work aims to understand the role of education (formal and entrepreneurship) on entrepreneurial activity combined with heterogeneous individual characteristics and different cultures and geographies. Specifically, the study identifies substitution and complementary effects among both types of education according to individual taxonomies.

Entrepreneurship and Unemployment

2021 ◽  
pp. 20-40
Author(s):  
Francisco José Mendes Leote ◽  
Nuno Miguel Teixeira ◽  
Rosa Galvão
Keyword(s):  
Economic Growth ◽  
Social Impact ◽  
Job Creation ◽  
Economic Recession ◽  
Government Support ◽  
Support Program ◽  
Social Progress ◽  
Special Focus ◽  
Research Papers

The COVID-19 pandemic is having a very negative economic and social impact on Portugal's economy, with the year 2020 expected to represent the largest economic recession since the 1970s. According to the Bank of Portugal forecasts, employment is expected to fall significantly, with the unemployment rate estimated at around 10%, with a special focus on young graduates. Simultaneously, several research papers have revealed the importance of entrepreneurship in job creation and economic development, highlighting the role of entrepreneurial ecosystems and government support for creating successful businesses. In this sense, this study has as its main objective to characterize a support program to the investment of young unemployed entrepreneurs and evidence its potential impact on Portugal's economic growth and social progress.

America

2020 ◽  
pp. 132-167
Author(s):  
Graham Harrison
Keyword(s):  
Economic Growth ◽  
Gilded Age ◽  
Social Progress ◽  
Late Development ◽  
Capitalist Development ◽  
Security Issues ◽  
Plantation Slavery ◽  
The World ◽  
Colonial Economy

This chapter sets out a detailed account of America’s capitalist transformation from the early 1700s. It shows how homestead and plantation agriculture generated a colonial economy. It stresses the importance of independence and then the civil war to the construction of a state and a nation. The chapter looks in detail at the varied forms of production throughout the territory and highlights the centrality of frontier expansion and dispossession. It discusses the role of plantation slavery and its abolition in capitalist growth. It then goes on to look at the ‘gilded age’ as one of developmentalism: forging a national economy, promoting industry, and conflating security issues with economic growth. It notes the slow social progress and crisis-prone nature of capitalist development, arguing that this is in the nature of capitalist transformation. It concludes by noting that the world of ‘late’ development is constructed by Britain and America’s capitalist transformations.

Neutralizing Maleficent Effects of COVID-19 Through Entrepreneurship

2021 ◽  
pp. 67-86
Author(s):  
Manpreet Arora ◽  
Roshan Lal Sharma
Keyword(s):  
Economic Growth ◽  
Social Media ◽  
Special Reference ◽  
General Public ◽  
Business Development ◽  
The World ◽  
Social Media Platforms ◽  
Current Scenario ◽  
Entrepreneurial Activities

Entrepreneurs are regarded as the leaders of socio-economic, industrial, and business development. They are important pillars of any economy. They are the employment generators and contribute to economic growth. In the current scenario caused by the COVID-19 pandemic, we witnessed people across the world losing their jobs. An inclination towards entrepreneurial activities has been observed in 2020. People have started communicating how entrepreneurial activities are the only solution for economies in crises. The role of social media platforms cannot be under-emphasized, and therefore, an entrepreneur today has to be a master of various media of communication. This chapter aims at exploring the concept of entrepreneurship with special reference to communication. It highlights challenges and issues in the post-pandemic world with reference to entrepreneurship and the role effective communication can play in handling them. It also attempts to examine the use of the term ‘entrepreneurship' by general public on social media such as Twitter in particular with a view to work out its implications.

Interactive effects of human capital in finance–economic growth nexus in Sub-Saharan Africa

2018 ◽  
Vol 45 (6) ◽  
pp. 1192-1210 ◽  
Author(s):  
Muazu Ibrahim
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Interactive Effect ◽  
Financial Sector ◽  
Content Type ◽  
Long Run ◽  
The World ◽  
Sub Saharan ◽  
Ssa Countries

Purpose The purpose of this paper is to examine the interactive effect of human capital in financial development–economic growth nexus. Relative to the quantity-based measure of enrolment rates, the main aim was to determine how quality of human capital proxied by pupil–teacher ratio influences the relationship between domestic financial sector development and overall economic growth. Design/methodology/approach Data are obtained from the World Development Indicators of the World Bank for 29 sub-Saharan African (SSA) countries over the period 1980–2014. The analyses were conducted using the system generalised method of moments within the endogenous growth framework while controlling for country-specific and time effects. The author also follows Papke and Wooldridge procedure in examining the long-run estimates of the variables of interest. Findings The key finding is that, while both human capital and financial development unconditionally promotes growth in both the short and long run, results from the interactive terms suggest that, irrespective of the measure of finance, financial sector development largely spurs growth on the back of quality human capital. This finding is also confirmed by the marginal and net effects where the interactive effect of pupil–teacher ratio and indicators of finance are consistently huge relative to the enrolment. Statistically, the results are robust to model specification. Practical implications While it is laudable for SSA countries to increase access to education, it is equally more crucial to increase the supply of teachers at the same time improving on the limited teaching and learning materials. Indeed, there are efforts to develop rather low levels of the financial sector owing to its unconditional growth effects. Beyond the direct benefit of finance, however, higher growth effect of finance is conditioned on the quality level of human capital. The outcome of this study should therefore reignite the recognition of the complementarity role of human capital and finance in economic growth process. Originality/value The study makes significant contributions to existing finance–growth literature in so many ways: first, the auhor extend the literature by empirically examining how different measures of human capital shape the finance–economic growth nexus. Through this the author is able to bring a different perspective in the literature highlighting the role of countries’ human capital stock in mediating the impact of financial deepening on economic growth. Second, the author makes a more systematic attempt to evaluate the relative importance of finance and human capital in growth process while controlling for several ancillary variables.

scholarly journals Steps Towards Uruguay’s Next Political and Economic Insertion into the World

2011 ◽  
Vol 2 (1) ◽  
pp. 68-81
Author(s):  
Joaquin Bardallo Bandera
Keyword(s):  
Economic Growth ◽  
Social Development ◽  
Latin American ◽  
Social Programs ◽  
Political Role ◽  
Latin American Region ◽  
The World ◽  
Democratic Stability ◽  
Democratic Country

This paper examines the democratic stability, political role of the current president, economic growth and social programs that are a part and puzzle of the country, Uruguay. This paper presents an overview of how Uruguay today is ready to take the next step in economic and social development, and to insert itself as a stable democratic country in both the Latin American region and the world.

scholarly journals Modeling economic growth fuelled by science and technology

2010 ◽  
Vol 40 (2) ◽  
pp. 319-340 ◽  
Author(s):  
Leonardo Costa Ribeiro ◽  
Ricardo Machado Ruiz ◽  
Américo Tristão Bernardes ◽  
Eduardo da Motta e Albuquerque
Keyword(s):  
Economic Growth ◽  
Science And Technology ◽  
Science Technology ◽  
The World ◽  
Scientific Papers ◽  
World Income ◽  
World Income Distribution ◽  
Wealth Of Nations ◽  
Simulation Exercises

This paper suggests a simulation model to investigate how science and technology fuel economic growth. This model is built upon a synthesis of technological capabilities represented by national innovation systems. This paper gathers data of papers and patents for 183 countries between 1999 and 2003, as well as GDP and population for 2003. These data show a strong correlation between science, technology and income. Three simulation exercises are performed. Feeding our algorithm with data for population, patents and scientific papers, we obtain the world income distribution. These results support our conjecture on the role of science and technology as sources of the wealth of nations.

scholarly journals Role of The Family in Entrepreneurship Develoment in Nepali Society

2016 ◽  
Vol 9 (1) ◽  
pp. 37-47 ◽  
Author(s):  
Sushil Kumar Pant
Keyword(s):  
Economic Growth ◽  
Statistical Tests ◽  
Job Creation ◽  
Vital Role ◽  
Ethnic Communities ◽  
Entrepreneurship Research ◽  
Entrepreneurship Development ◽  
The Family ◽  
The Impact

Entrepreneurship is the engine for social and economic growth of any society. It drives people toward wealth and job creation, which leads to better lives for people in the society. There has been growing interest in entrepreneurship research recently. This paper attempted to assess the impact of family in Nepalese society. This was viewed as essential in a country in which more than 125 ethnic communities are found. The findings show that family has some impact in people to become entrepreneurship but it was not strongly substantiated by statistical tests. It was found that entrepreneur’s parental profession plays some role in entrepreneurship development in Nepal which was similar to some findings that parental profession plays vital role in the choice of profession in children.Journal of Nepalese Bussiness Studies Vol. 9, No. 1, 2015 pp. 37-47

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