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Viability of vibrant entrepreneurship to sustain economic growth in Tanzania towards middle-income status

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dc.creator Mganda, Veri Oscar
dc.date 2018-11-30T11:57:54Z
dc.date 2018-11-30T11:57:54Z
dc.date 2018-04
dc.date.accessioned 2022-10-20T08:35:15Z
dc.date.available 2022-10-20T08:35:15Z
dc.identifier Veri Oscar Mganda (2018), Paper Title: Viability of Vibrant Entrepreneurship to Sustain Economic Growth in Tanzania Towards Middle-Income Status. Business Education Journal (BEJ),
dc.identifier http://dspace.cbe.ac.tz:8080/xmlui/handle/123456789/100
dc.identifier.uri http://hdl.handle.net/123456789/79576
dc.description The East-African economies annual growth rates indicate active economic growth, an indication that these countries’ desire to transform their economies to middle-income status is attainable. This potential growth is key to link the entrepreneurial activities so as to open more employment opportunities and foster innovation. However in developing countries, SMEs face unfriendly environment to sustain such growth something denying these SMEs a room to flourish . When both entrepreneurial and investment activities increase, inequalities are minimized through increased real income, eventually the well-being of the people are improved, consequently underwriting the economic prosperity of a country. Hence, setting an ideal enviroment for entrepreneurial activities to foster economic growth cannot be overemphasized. This study aims to amplify the relationship between entrepreneurship and an economic growth in a country targeting middle income status. A documentary review approach was used as the main methodology and the findings from various literatures and other sources relating to the field of study indicate that in Tanzania entrepreneurship and investment in general face particular challenges such as: weak institutions, poor infrastructure, unsuitable laws and regulations that make it difficult to sustain economic growth. Therefore, improving macroeconomic policies, eliminating various red tape with regards to formalization of private entreprises should be prioritized. The study recommends that Tanzania should give special attention to conducive business environments and quality forms of investments in line with desired transformation path to enhance economic growth and ultimately graduate to middle-income economy.
dc.format application/pdf
dc.language en
dc.publisher Business Education Journal
dc.relation Volume ll;Issue No 1
dc.subject Middle-income status, entrepreneurship and economic growth
dc.subject Middle-income status
dc.subject entrepreneurship and economic growth
dc.subject entrepreneurship
dc.subject economic growth
dc.title Viability of vibrant entrepreneurship to sustain economic growth in Tanzania towards middle-income status
dc.type Article


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