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. 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.