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CREATION OF YOUNG ENTREPRENEURS AS RESOURCES OF ECONOMIC DEVELOPMENT AND ALLEVIATION OF POVERTY IN MUSLIM COUNTRIES: AN ISLAMIC APPROACH
Corresponding Author(s) : Chaibou Issoufou
Humanities & Social Sciences Reviews,
Vol. 7 No. 5 (2019): September
Abstract
Purpose of Study: This paper aims to examine the importance of entrepreneurship and the role of young entrepreneurs in economic development. The paper explores the vital role that entrepreneurship can play in boosting economics of a country. This is because creating youth on entrepreneurial skills can be used as resources of economic development and alleviation of poverty in a country. The paper examines how Muslim youth can be created and trained as resources of development of economics and prevention of poverty in Muslim countries.
Methodology: The paper adopts qualitative research methodology to collect and analyze data on the topic in hand. This methodology is used to discuss the effect of training on young entrepreneurs and how it creates them as resources of economic growth and improvement of scarcity in a country.
Results: It finds in this paper that young entrepreneurs are the most crucial instruments that can be utilized to enhance economics of a country and eliminate poverty in the society. This is because young generation is the most important generation that can be taken as a tool and resource to develop economics of a country and alleviate poverty in the society at large.
Implications/Applications: Entrepreneurship plays a crucial role in economic development and creation of young entrepreneurs can be used as resources of economic enhancement as well as job opportunity for Muslim youth. The paper suggests to have empirical research in order to have a clear picture on creation of young entrepreneurs and effect of training them on entrepreneurship as resources of economic development and alleviation of poverty in Muslim countries.
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- Abd, M.M.A., A. Shuhairimi and B. Azizan, 2015. Model on social entrepreneurship: Identify the research gap based on Islamic perspective. Journal of Holistic Student Development, 2(1).
- Abdul, H.S. and Z.S. Che, 2011. Reconstructing entrepreneur’s development based on al-Qur’an and al-Hadith. International Journal of Business and Social Science, 2(19).
- Adewale, A.A., 2016. Change, customer satisfaction and competition: Issues from the strategic management context. International Journal of Economics, Business and Management Studies, 3(2): 55-66.
- Ambrose, A.O., I.E. Etim and F.M. Enagu, 2016. The role of community development programmes in poverty aleviation in Nigeria: Lessons from Onelga, Rivers State, Nigeria. American Journal of Social Sciences and Humanities, 1(2): 72-83.
- Ametorwo, A.M., 2016. Managing work family conflict among female entrepreneurs in Ghana for development. International Journal of Economics, Business and Management Studies, 3(1): 21-35.
- Amogechukwu, E.T. and C.R. Unoma, 2017. Extent of head teachers utilization of innovative sources of funding primary schools in Enugu State of Nigeria. Journal of Education and e-Learning Research, 4(2): 41-45.Available at: https://doi.org/10.20448/journal.509.2017.42.41.45. DOI: https://doi.org/10.20448/journal.509.2017.42.41.45
- Aremu, J.O. and M. Ediagbonya, 2018. Trade and religion in British-Benin relations, 1553-1897. Global Journal of Social Sciences Studies, 4(2): 78-90.Available at: https://doi.org/10.20448/807.4.2.78.90. DOI: https://doi.org/10.20448/807.4.2.78.90
- AyukAko, E.T., 2017. Marlows Dilemma and ours; Conrad and Africas development Agenda: A reading of heart of darkness. International Journal of English Language and Literature Studies, 6(1): 1-10.Available at: https://doi.org/10.18488/journal.23/2017.6.1/23.1.1.10. DOI: https://doi.org/10.18488/journal.23/2017.6.1/23.1.1.10
- Bello, M.Z. and C.U. Aliyu, 2016. Diversification of the nigerian economy for sustainable development: Issues and challenges. International Journal of Economics, Business and Management Studies, 3(2): 75-81. DOI: https://doi.org/10.11648/j.ijefm.20150302.15
- Bilal, Z. and B. Miriam, 2019. Stimulating managerial capital in emerging markets: The impact of business training for young entrepreneurs. World Bank.
- Bozorgian, H. and S.M. Kanani, 2017. Task repetition on accuracy and fluency: Efl learners’speaking skill. International Journal of English Language and Literature Studies, 6(2): 42-53. DOI: https://doi.org/10.18488/journal.23.2017.62.42.53
- Bugu, Z.Y. and H. Yucheng, 2018. An empirical analysis of the factors affecting the profitability of China’s agricultural listed companies under the background of agricultural modernization. International Journal of Applied Economics, Finance and Accounting, 2(1): 19-26. DOI: https://doi.org/10.33094/8.2017.2018.21.19.26
- Davis, M.K., 2013. Entrepreneurship: An islamic perspective. International Journal of Entrepreneurship and Small Business, 20(1): 63-69. DOI: https://doi.org/10.1504/IJESB.2013.055693
- Dierker, L., J.R. Evia, K. Singer-Freeman, K. Woods, J. Zupkus, A. Arnholt, E.G. Moliski, N.D. Deckard, K. Gallagher and J. Rose, 2018. Project-based learning in introductory statistics: Comparing course experiences and predicting positive outcomes for students from diverse educational settings. International Journal of Educational Technology and Learning, 3(2): 52-64. DOI: https://doi.org/10.20448/2003.32.52.64
- Donkor, A.K. and B.I. Waek, 2018. Community involvement and teacher attendance in basic schools: The case of East Mamprusi District in Ghana. International Journal of Education and Practice, 6(2): 50-63. DOI: https://doi.org/10.18488/journal.61.2018.62.50.63
- Elfakhani, S. and Z.U. Ahmed, 2013. Philosophical basis of entrepreneurship principles within an islamic ethical framework. Journal of Transnational Management, 18(1): 52-78.Available at: https://doi.org/10.1080/15475778.2013.752780. DOI: https://doi.org/10.1080/15475778.2013.752780
- Essien, J.M., B.D. Gbeghe, H.N. Kpunee and N. Piabari, 2016. E-marketing products and financial inclusion in Nigeria. International Journal of Economics, Business and Management Studies, 3(1): 47-54.
- Faizal, P.R.M., A.A.M. Ridhwan and A.W. Kalsom, 2013. The entrepreneurs Said business school of Oxford.
- Gamba, F.J., 2017. Social capital in selected business associations of food processing SMEs in Tanzania and Rwanda: A synthetic-based approach. International Journal of Asian Social Science, 7(1): 63-84. DOI: https://doi.org/10.18488/journal.1/2017.7.1/1.1.63.84
- Gisore, N. and I. Jepchumba, 2017. Effect of budget defict on private investment in East African community for the period 1981-2015: A panel data analysis. International Journal of Business, 4(1): 26-37.Available at: https://doi.org/10.18488/journal.62.2017.42.26.37. DOI: https://doi.org/10.18488/journal.62.2017.42.26.37
- Gümüsay, A.A., n.d. Entrepreneurship from an islamic perspective. Said Business School of Oxford.
- Hoque, N., A. Mamun and A.M.A. Mamun, 2014. Dynamics and traits of entrepreneurship: An Islamic Approach. World Journal of Entrepreneurship, Management and Sustainable Development, 10(2): 128-142.Available at: https://doi.org/10.1108/wjemsd-04-2013-0027. DOI: https://doi.org/10.1108/WJEMSD-04-2013-0027
- Ramadani, V., L.-P. Dana, V. Ratten and S. Tahiri, 2015. The context of Islamic entrepreneurship and business: Concept, principles and perspectives. International Journal of Business and Globalisation, 15(3): 244-261.Available at: https://doi.org/10.1504/ijbg.2015.071906. DOI: https://doi.org/10.1504/IJBG.2015.071906
- Sandra, W.P. and S.A. Vidya, 2018. Academic contrapower harassment (ACPH), and pedagogy for mental health through self-compassion: A conceptual paper. International Journal of Innovation, Creativity and Change, 4(3): 65-80.
- Sokyna, M.A.-Q. and M.A. Omayma, 2018. Exploring the use of light and colour to detract and enhance the plot of 3D rendered scenes. International Journal of Innovation, Creativity and Change, 4(1): 74-94.
- Ullah, M.M., B.M. Taskina and Y. Fatema, 2015. Women entrepreneurship: Islamic perspective. International Journal of Islamic Management and Business(1): 1.
References
Abd, M.M.A., A. Shuhairimi and B. Azizan, 2015. Model on social entrepreneurship: Identify the research gap based on Islamic perspective. Journal of Holistic Student Development, 2(1).
Abdul, H.S. and Z.S. Che, 2011. Reconstructing entrepreneur’s development based on al-Qur’an and al-Hadith. International Journal of Business and Social Science, 2(19).
Adewale, A.A., 2016. Change, customer satisfaction and competition: Issues from the strategic management context. International Journal of Economics, Business and Management Studies, 3(2): 55-66.
Ambrose, A.O., I.E. Etim and F.M. Enagu, 2016. The role of community development programmes in poverty aleviation in Nigeria: Lessons from Onelga, Rivers State, Nigeria. American Journal of Social Sciences and Humanities, 1(2): 72-83.
Ametorwo, A.M., 2016. Managing work family conflict among female entrepreneurs in Ghana for development. International Journal of Economics, Business and Management Studies, 3(1): 21-35.
Amogechukwu, E.T. and C.R. Unoma, 2017. Extent of head teachers utilization of innovative sources of funding primary schools in Enugu State of Nigeria. Journal of Education and e-Learning Research, 4(2): 41-45.Available at: https://doi.org/10.20448/journal.509.2017.42.41.45. DOI: https://doi.org/10.20448/journal.509.2017.42.41.45
Aremu, J.O. and M. Ediagbonya, 2018. Trade and religion in British-Benin relations, 1553-1897. Global Journal of Social Sciences Studies, 4(2): 78-90.Available at: https://doi.org/10.20448/807.4.2.78.90. DOI: https://doi.org/10.20448/807.4.2.78.90
AyukAko, E.T., 2017. Marlows Dilemma and ours; Conrad and Africas development Agenda: A reading of heart of darkness. International Journal of English Language and Literature Studies, 6(1): 1-10.Available at: https://doi.org/10.18488/journal.23/2017.6.1/23.1.1.10. DOI: https://doi.org/10.18488/journal.23/2017.6.1/23.1.1.10
Bello, M.Z. and C.U. Aliyu, 2016. Diversification of the nigerian economy for sustainable development: Issues and challenges. International Journal of Economics, Business and Management Studies, 3(2): 75-81. DOI: https://doi.org/10.11648/j.ijefm.20150302.15
Bilal, Z. and B. Miriam, 2019. Stimulating managerial capital in emerging markets: The impact of business training for young entrepreneurs. World Bank.
Bozorgian, H. and S.M. Kanani, 2017. Task repetition on accuracy and fluency: Efl learners’speaking skill. International Journal of English Language and Literature Studies, 6(2): 42-53. DOI: https://doi.org/10.18488/journal.23.2017.62.42.53
Bugu, Z.Y. and H. Yucheng, 2018. An empirical analysis of the factors affecting the profitability of China’s agricultural listed companies under the background of agricultural modernization. International Journal of Applied Economics, Finance and Accounting, 2(1): 19-26. DOI: https://doi.org/10.33094/8.2017.2018.21.19.26
Davis, M.K., 2013. Entrepreneurship: An islamic perspective. International Journal of Entrepreneurship and Small Business, 20(1): 63-69. DOI: https://doi.org/10.1504/IJESB.2013.055693
Dierker, L., J.R. Evia, K. Singer-Freeman, K. Woods, J. Zupkus, A. Arnholt, E.G. Moliski, N.D. Deckard, K. Gallagher and J. Rose, 2018. Project-based learning in introductory statistics: Comparing course experiences and predicting positive outcomes for students from diverse educational settings. International Journal of Educational Technology and Learning, 3(2): 52-64. DOI: https://doi.org/10.20448/2003.32.52.64
Donkor, A.K. and B.I. Waek, 2018. Community involvement and teacher attendance in basic schools: The case of East Mamprusi District in Ghana. International Journal of Education and Practice, 6(2): 50-63. DOI: https://doi.org/10.18488/journal.61.2018.62.50.63
Elfakhani, S. and Z.U. Ahmed, 2013. Philosophical basis of entrepreneurship principles within an islamic ethical framework. Journal of Transnational Management, 18(1): 52-78.Available at: https://doi.org/10.1080/15475778.2013.752780. DOI: https://doi.org/10.1080/15475778.2013.752780
Essien, J.M., B.D. Gbeghe, H.N. Kpunee and N. Piabari, 2016. E-marketing products and financial inclusion in Nigeria. International Journal of Economics, Business and Management Studies, 3(1): 47-54.
Faizal, P.R.M., A.A.M. Ridhwan and A.W. Kalsom, 2013. The entrepreneurs Said business school of Oxford.
Gamba, F.J., 2017. Social capital in selected business associations of food processing SMEs in Tanzania and Rwanda: A synthetic-based approach. International Journal of Asian Social Science, 7(1): 63-84. DOI: https://doi.org/10.18488/journal.1/2017.7.1/1.1.63.84
Gisore, N. and I. Jepchumba, 2017. Effect of budget defict on private investment in East African community for the period 1981-2015: A panel data analysis. International Journal of Business, 4(1): 26-37.Available at: https://doi.org/10.18488/journal.62.2017.42.26.37. DOI: https://doi.org/10.18488/journal.62.2017.42.26.37
Gümüsay, A.A., n.d. Entrepreneurship from an islamic perspective. Said Business School of Oxford.
Hoque, N., A. Mamun and A.M.A. Mamun, 2014. Dynamics and traits of entrepreneurship: An Islamic Approach. World Journal of Entrepreneurship, Management and Sustainable Development, 10(2): 128-142.Available at: https://doi.org/10.1108/wjemsd-04-2013-0027. DOI: https://doi.org/10.1108/WJEMSD-04-2013-0027
Ramadani, V., L.-P. Dana, V. Ratten and S. Tahiri, 2015. The context of Islamic entrepreneurship and business: Concept, principles and perspectives. International Journal of Business and Globalisation, 15(3): 244-261.Available at: https://doi.org/10.1504/ijbg.2015.071906. DOI: https://doi.org/10.1504/IJBG.2015.071906
Sandra, W.P. and S.A. Vidya, 2018. Academic contrapower harassment (ACPH), and pedagogy for mental health through self-compassion: A conceptual paper. International Journal of Innovation, Creativity and Change, 4(3): 65-80.
Sokyna, M.A.-Q. and M.A. Omayma, 2018. Exploring the use of light and colour to detract and enhance the plot of 3D rendered scenes. International Journal of Innovation, Creativity and Change, 4(1): 74-94.
Ullah, M.M., B.M. Taskina and Y. Fatema, 2015. Women entrepreneurship: Islamic perspective. International Journal of Islamic Management and Business(1): 1.