Month: August 2022

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Challenges Facing Developing-Economy Entrepreneurs in the 21st Century

By Vassav Gupta Introduction Particularly in today’s fast-paced global economy, entrepreneurship is vital to any nation’s socioeconomic health. Entrepreneurial success leads to innovation, higher employment, and happier consumers – all of which stem from greater competition. As Austrian political economist Joseph Schumpeter famously theorized in 1942, economies naturally go through “creative destruction,” the process by…