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Solidarity entrepreneurship in knowledge economies: Keys for a new paradigm for developing countries

Abstract:

Solidarity Entrepreneurship is a new economic paradigm characterized by public-private cooperation to fight poverty. The objective of this chapter is to introduce new concepts and classifications to analyze this paradigm. To cope with this goal, the main Pro-Poor Growth Indexes are described, but they are insufficient to eliminate, or at least reduce, poverty. After being warned about the dangers between the generation of poverty and the rise of populism, the author proposes four solutions to avoid this problem: The development of solidarity entrepreneurs, strengthening education in entrepreneurship, boosting the venture partnership, and increasing the amount approved for the Official Development Aid. The work ends with a conclusion and future research directions.