The Importance of Entrepreneurship in Fostering Economic Progress

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. Insights into recent developments in the dynamics that support knowledge generation, diffusion, and commercialization through innovation and the role of the entrepreneur in the growth process will expand the understanding of this vital connection. The Importance of Entrepreneurship in Fostering Economic Progress is edited by Mohammed El Amine Abdelli, and is an essential read for academics, students, and researchers interested in gaining a deeper understanding of the connection between entrepreneurship driving economic progress. Leading scholars in various fields such as management, entrepreneurship, industrial economics, evolutionary economics, innovation and technological change, regional economics, and public policy have come together to examine and discuss 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 exploring the regulation design influencing knowledge creation, ownership, entry barriers, labor mobility, and inefficient financial markets, this book offers relevant policy implications for policymakers seeking to design effective entrepreneurship policies to foster economic development, employment, and global competitiveness.