The Impact of Small Entrepreneurship Development on Poverty Alleviation: Empirical Study from Mogadishu, Somalia
Dec 19

The Impact of Small Entrepreneurship Development on Poverty Alleviation: Empirical Study from Mogadishu, Somalia

Conventionally, it is understood that entrepreneurship development can
alleviate poverty through its ability to provide employment creation and
income generation. It can also stabilize the economic distribution,
especially in fragile states and developing nations during economic
fluctuations (Hussain, Bhuiyan, Said, & Halim, 2017). Moreover, new
business creation and the investment in the existing businesses can promote
social prosperity and generate income through businesses’ capability to
energize new markets, new technology, and create job opportunities.
Additionally, new business creation increases the productivity in a
community resulting in a reduction in the poverty level.


The enterprises have a significant role in the economic growth and
development process of a country through employment creation, income
generation, and convenient access to basic social needs. Furthermore,
over the last two centuries, evidence has shown the remarkable ability of
entrepreneurship development and how entrepreneurship has made
significant contributions to economic development, which has
tremendously increased the living standards (Adenutsi, 2009). However,
Adenutsi (2009) also discovered that the economies with limited job
opportunities, such as for market access, have generally been weak
systematically. Read here the full article

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