1. Using Entrepreneurship to Promote Stability in Fragile Regions
- Author:
- Raymond Gilpin and Steven Koltai
- Publication Date:
- 09-2012
- Content Type:
- Policy Brief
- Institution:
- United States Institute of Peace
- Abstract:
- Described as the productive combination of innovation, initiative, risk and capital, entrepreneurship could provide a crucial underpinning for stability in conflict-affected regions via job creation and improved human security. State building initiatives regularly tout entrepreneurship as an integral part of broader economic development, political or security strategies but seldom explain the thinking behind purported causal linkages. The Six + Six model offers a targeted and comprehensive strategy to promote entrepreneurship in conflict-affected states. It provides a dynamic alternative to aid-based strategies. Given the growing success of impact investing, it is imperative for bilateral and multilateral development agencies to help facilitate such investment by co-investing and seeding further impact investing. Entrepreneurs in fragile regions urgently need support in the form of enabling environments and innovative approaches that reward their creativity and risk-taking. To bolster entrepreneurs' chances for success, policymakers should consider: redirecting foreign assistance; re-focusing private sector development interventions; re-conceptualizing state building; and re-valuing individuals.
- Topic:
- Conflict Prevention, Political Violence, Economics, Markets, Poverty, Fragile/Failed State, and Foreign Direct Investment