An Entrepreneurship Development Policy Approach for Trinidad and Tobago
Dr. Natasha Ramkissoon-Babwah, Mr. Arnold Babwah
Abstract
This paper proposes five Entrepreneurship Policy approaches for the Developing Country of Trinidad and Tobago. While the importantce of entrepreneurship in creating economic growth, reducing poverty and supporting national development is recognized, little attention has been paid to the process of understanding what factors can be leveraged to define the scope of Entrepreneurship Policies. This paper reviews the dynamics of designing an appropriate Entrepreneurship Policy within the Developing Country context and suggests policy approaches in the areas of expanding the base of entrepreneurs by niche initiativestargeting women, creating entrepreneurial teams and networks, establishing sustainable Private and Public Sector Partnerships, implementing Entrepreneurship Education Programmes all within a framework that is holistic and engages the business eco-systemof Trinidad and Tobago. The outcome of these interventions is envisioned to be a thriving and sustainable small business enterprise sector capable of engaging local human and natural resources whilst contributing towards national development.
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