The Role of Entrepreneurship in Economic Resilience

Hendri Khuan

doi:10.62207/5rcdcs18

Authors

Hendri Khuan Philippine Women's University Author

DOI:

https://doi.org/10.62207/5rcdcs18

Keywords:

economic resilience, entrepreneurship, challenges, opportunities, policy intervention

Abstract

The concept of economic resilience is multidimensional, encompassing factors like resistance, recovery, and adaptability to mitigate the impact of economic shocks. Drawing from various disciplines, theoretical frameworks highlight its interdisciplinary nature. Economic resilience plays a crucial role in responding to crises, with entrepreneurship emerging as a key component. Despite challenges such as resource constraints and regulatory barriers, proactive policies can foster resilient entrepreneurship. By promoting innovation, supporting access to capital, and enhancing entrepreneurial education, policymakers can build a resilient ecosystem that drives economic prosperity and sustainability. Collaboration among stakeholders is vital for realizing this vision.

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