Policies for transformational entrepreneurship
- Author: United Nations Conference on Trade and Development
- Main Title: The Least Developed Countries Report 2018 , pp 106-136
- Publication Date: November 2018
- DOI: https://doi.org/10.18356/d2dd3552-en
- Language: English French
Entrepreneurship, by nature complex and multifaceted, has the potential to drive structural transformation and sustainable development. Yet not all types of enterprises contribute equally (or always positively) to structural transformation. Harnessing entrepreneurship for these related purposes thus requires policies, not to promote enterprise creation for its own sake, but rather to support and sustain the high-growth and innovative enterprises central to economic structural transformation. In addition to entrepreneurial talent and capabilities, this requires effective entrepreneurship policies, institutions and reward structures to influence firms’ trajectories over time, support their sustainability and maximize their contribution to both structural transformation and sustainable development.
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