PUBLIC POLICIES OF DEVELOPING COUNTRIES TO PROMOTE ENTREPRENEURSHIP

Abstract

The purpose of this paper is to analyze and study the role of government policy in the development of entrepreneurship and its effects on economic development. The research is based on existing literature on entrepreneurship, economic development and government policy business practices. This is because entrepreneurship is part of the economic development strategy that many countries around the world use to achieve macroeconomic benefits. The framework offers researchers and practitioners a starting point for deepening entrepreneurship policies and practices. For researchers, the framework explains the defining characteristics of the dimensions of entrepreneurship, government policy and economic development and their proposed relationships. Practitioners can use the framework to understand the role of government policy in entrepreneurship development.