Entrepreneurship Development and Poverty Alleviation/ Changyu Jung


Poverty is one of the great obstacles that many people in the world face. Poverty can be caused by low productivity of households, and these households face financial constraints and a lack of incentives for entrepreneurship. The author says that the best cure for this poverty relief is to encourage more in business activities and start new venture businesses through entrepreneurship. The entrepreneurial process is important for successful entrepreneurs. The government's policies on economic growth or poverty have not had a significant impact on entrepreneurship activities, and most beneficiaries have not gained much satisfaction from the government's programs. Programs such as entrepreneurship training can help poor small business owners grow their businesses and give themselves and others a chance to escape poverty. For this development of entrepreneurship, the focus should be on entrepreneurship training, participation in small and medium enterprises, strengthening youth capacity through education, and collaboration between government and universities and industries. This can promote employment and ease poverty.

What was interesting was that the author saw that poverty could not be solved by measures such as wealth redistribution and support for the poor people. The author saw that poverty could eventually be alleviated through training, education and job creation through the development of entrepreneurship. The author says that the development of entrepreneurship helps start new start-ups, creates employment through the expansion of existing start-ups, increases social wealth by increasing new markets, new industries, new technologies, new institutional forms, new jobs and productivity, thus helping to fight poverty. I didn't think this view was that different from the original view. I thought that developing entrepreneurship to reduce poverty was the same way that in the end, through education and training, individual capacity was strengthened and many opportunities to participate in economic activities. However, I think the way the author argues is that poverty cannot be solved by simply redistributing wealth. What is important is to create the capacity for individuals to participate in economic activities.

What do you think should be the first priority to reduce poverty? Is it effective to give income to the poor by providing in-kind support in kind? Or is it effective to give them an experience of entrepreneurship and to make them actively participate in economic activities?

Comments

Post a Comment

Popular posts from this blog

W2.Reading / Kim Ami

1.      Summary       This text is about how Wikipedia has achieved great success. The core of Wikipedia is a "cooperative community" that allows us to understand the world freely and voluntarily. The collaboration takes place within the culture or norms of the community.        The first reason for the success of Wikipedia, a web-based open content book, was technology. Technology played an important role in inspiring the vision of a universal encyclopedia. Networking technology and associated cooperative techniques have facilitated new socialization among people by enabling openness and accessibility. People can communicate and contribute incrementally on Wiki. In other words, Wikipedia is a community and leads a collaborative culture. 2.      Interesting point   The interesting part is the description of technology. Wikipedia has been successful through technology. Through advanced techn...
Read more

THE ROLE OF ETHNIC GROUPS IN SOCIAL DEVELOPMENT / Kim Ami

1.      Summary This paper critically considers the role of ethnic groups in the social development of Third World countries. Social development is a concept that can only be said when economic development and collective mobilization and action are combined. Writer say that economic development is essential, but that it should have certain social goals because it can lead to some undesirable consequences. In other words, it should be considered from the perspective of Gross National Honourability and social development rather than from the perspective of growth rate of GNP. Writer pursue the development of people's ability to work continuously for people's welfare and social welfare and the change of social system. 2.      Interesting point The author's words that social welfare should be pursued rather than growth rate are interesting. However, I think this phrase corresponds to a developed country. Because, I think the rise of GNP...
Read more

W10. Human_rights / Lee Se Hyun

Summary Human rights are the basic right to live as a person. This is an absolute domain. Applicable regardless of ethnicity, gender, age, or location and guaranteed by international law. Human rights have been modified and established over a long period of time. From ancient times to the post-World War II international human rights treaties, various changes and considerations continued. Since the 1966 Human Rights Treaty, the concept of human rights has been established and human rights are guaranteed at the international level through the UN, an international organization. Also, various efforts are made to ensure human rights in the community. Human rights organizations are established in continental units such as Africa, America, Asia, and Europe, to strive for the self-reliance of the vulnerable classes and countries. Human beings have studied human rights for a long time. Thus, the theory of human rights exists, and there are various views on human rights. Interesting point ...
Read more