Exploring the impact of youth entrepreneurship on economic development. A case study analysis.

Abstract

Youth entrepreneurship has emerged as a crucial driver of economic development, particularly in developing economies where traditional employment opportunities are limited. This thesis explores the impact of youth entrepreneurship on economic development through a case study analysis of several successful youth-led enterprises across different regions. The study aims to understand how youth entrepreneurship contributes to job creation, innovation, and economic diversification, as well as the challenges young entrepreneurs face, including access to finance, education, and market opportunities.

Using a mixed-methods approach, the research combines qualitative interviews with young entrepreneurs and quantitative analysis of economic indicators to assess the broader economic impact of youth-led businesses. The case studies selected for this analysis highlight diverse sectors, including technology, agriculture, and social enterprises, demonstrating the versatility and adaptability of youth entrepreneurship in various contexts.

The findings reveal that youth entrepreneurship significantly contributes to economic development by generating employment, fostering innovation, and stimulating local economies. However, the research also identifies several barriers that impede the growth and sustainability of youth-led enterprises, such as inadequate access to capital, insufficient entrepreneurial education, and regulatory hurdles.

The thesis concludes with policy recommendations aimed at enhancing the entrepreneurial ecosystem for young people, including improved access to finance, targeted educational programs, and supportive regulatory frameworks. These recommendations are intended to maximize the potential of youth entrepreneurship as a catalyst for sustainable economic growth and development.

This study contributes to the growing body of literature on entrepreneurship and economic development, offering insights for policymakers, educators, and development practitioners focused on leveraging the potential of young entrepreneurs to drive economic transformation.