Despite most societies having recognized the vital role of
entrepreneurship in driving economic progress, there is still a
lack of understanding of the components of innovation,
entrepreneurship, and growth and the relationship between
microeconomic foundations of development and macroeconomic
outcomes. Moreover, the impact of new venture competitiveness and
performance, growth, and survival, the evolution of industries, and
the location and influence of entrepreneurial activity all demand
more advanced study and analysis. The Importance of
Entrepreneurship in Fostering Economic Progress, edited by Mohammed
El Amine Abdelli, offers a solution to this problem by bringing
together leading scholars in management, entrepreneurship,
industrial economics, evolutionary economics, innovation and
technological change, regional economics, and public policy to
examine the crucial role of entrepreneurship in driving economic
progress. The book delves into recent developments in understanding
the dynamics that support knowledge generation, diffusion, and
commercialization through innovation and the role of the
entrepreneur in the growth process. It discusses the impact of
entrepreneurship on employment, the crucial role of technological
innovation on economic growth, and the impact of the
entrepreneurial economy on public policy. By presenting relevant
policy implications and exploring the regulation design influencing
knowledge creation, ownership, entry barriers, labor mobility, and
(inefficient) financial markets, this book offers insights for
policymakers seeking to design effective entrepreneurship policies
to foster economic development, employment, and global
competitiveness. This research provides a valuable solution to the
lack of understanding around how the critical role of
entrepreneurship drives economic progress. It is an essential read
for academics, students, and researchers in various fields hoping
to gain a deeper understanding of this crucial topic.
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