Sustainable Entrepreneurship Development and Poverty Eradication

Abstract

Eradication of extreme poverty, access to sufficient and nutritious food by
2030 for all the people in this planet, promoting sustainable industries, etc., are some of the
important goals of the United Nation’s 17 Sustainable Development Goals (SDG) which
were adopted in 2015. Sustainable entrepreneurship development, to large extent, will help
to achieve these goals. The main purpose of the study is to find out the elements of sustainable
entrepreneurship and develop a new model of it; to examine the relationships between (a)
‘the entrepreneurship development and the condition of poverty’ and (b) ‘the sustainable
development movement and higher economic growth’. The present paper is both conceptual
and descriptive in nature and based on secondary data. Apart from the reports of various
institutions like World Economic Forum, United Nations, World Bank, FAO, newspapers,
etc., research articles which are published in journals have also been considered. Spearman
correlation test is conducted to find out the relationship between variables. While there is
weak inverse relationship between ‘the entrepreneurship development and the condition of
poverty’, there is moderate positive relationship between ‘the sustainable development
movement and higher economic growth’. The findings would through a light on the existing
concept of sustainable entrepreneurship and its role in achieving SDGs. The model’s
sustainable entrepreneurship has been developed by various scholars; however, a new revised
model is developed in the line of SDGs in the present paper.