Entrepreneurship paradigm and economic renaissance in Africa

Felix Moses Edoho (Institute of Entrepreneurship & Business Development, Lincoln University, Jefferson City, Missouri, USA)

African Journal of Economic and Management Studies

ISSN: 2040-0705

Publication date: 9 March 2015

Abstract

Purpose

This Guest Editorial provides contextual insight to the contributions in this special issue that addresses entrepreneurship and economic growth challenge confronting Africa. Although the contributors come from various academic disciplines and adopt different perspectives, they are united in their singularity of focus on entrepreneurship as a pathway for African future. The paper aims to discuss these issues.

Design/methodology/approach

The papers in this special issue adopt different methodological approaches that help to provide a composite insight to the multidimensional entrepreneurial challenges facing Africa. They review published materials from the government sources and international agencies. They draw heavily on the literature in the field of entrepreneurship.

Findings

African countries have made significant progress in stimulating economic growth in recent years. However, they still have a long way to go in terms of institutionalizing entrepreneurial paradigm to foster self-regenerating development. Africa needs to do more by leveraging public policy for entrepreneurial development as a pathway for expanding economic opportunities and alleviating poverty. A policy framework designed to anchor entrepreneurial culture in the economy is a key to African economic renaissance in the twenty-first century.

Originality/value

The originality and value of the papers in this issue hinge critically on the all too often ignored proposition that African countries need to embrace a proven approach to development that is both broad based and citizen driven. Entrepreneurial paradigm will empower citizens to take not only full responsibility, but more importantly inalienable ownership, of the development process. This is the only way to ensure that the ongoing much celebrated growth in Africa is sustainable.

Keywords

Citation

Edoho, F.M. (2015), "Entrepreneurship paradigm and economic renaissance in Africa", African Journal of Economic and Management Studies, Vol. 6 No. 1, pp. 2-16. https://doi.org/10.1108/AJEMS-11-2014-0086

Publisher

:

Emerald Group Publishing Limited

Copyright © 2015, Emerald Group Publishing Limited

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