1945

Sustainable development, structural transformation and entrepreneurship

The focus on entrepreneurship of the present edition of The Least Developed Countries Report is grounded in the series’ vision of sustainable development through development of productive capacities and structural transformation of the economy. Innovation as an entrepreneurial activity is an essential element of structural transformation that implies shifting production factors from traditional economic activities towards those with higher value added and higher productivity. Entrepreneurship is thus indispensable for sustainable development. This is true of developed countries and other developing countries, but even more so of LDCs, where much more radical economic transformation is required.

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