Sustainable Entrepreneurship Development and Poverty Eradication

Abstract

Eradication of extreme poverty, access to sufficient and nutritious food by2030 for all the people in this planet, promoting sustainable industries, etc., are some of theimportant goals of the United Nation’s 17 Sustainable Development Goals (SDG) whichwere adopted in 2015. Sustainable entrepreneurship development, to large extent, will helpto achieve these goals. The main purpose of the study is to find out the elements of sustainableentrepreneurship and develop a new model of it; to examine the relationships between (a)‘the entrepreneurship development and the condition of poverty’ and (b) ‘the sustainabledevelopment movement and higher economic growth’. The present paper is both conceptualand descriptive in nature and based on secondary data. Apart from the reports of variousinstitutions like World Economic Forum, United Nations, World Bank, FAO, newspapers,etc., research articles which are published in journals have also been considered. Spearmancorrelation test is conducted to find out the relationship between variables. While there isweak inverse relationship between ‘the entrepreneurship development and the condition ofpoverty’, there is moderate positive relationship between ‘the sustainable developmentmovement and higher economic growth’. The findings would through a light on the existingconcept of sustainable entrepreneurship and its role in achieving SDGs. The model’ssustainable entrepreneurship has been developed by various scholars; however, a new revisedmodel is developed in the line of SDGs in the present paper.