Entrepreneurship and Economic Development: The Role of Startups in Emerging Markets

Abstract

This study looks at how important startups are to the growth of economies in developing nations. Startups are becoming more widely acknowledged as major forces behind innovation, competitiveness, and job creation that greatly contribute to economic expansion in general. This study examines the particular difficulties and chances that business owners in these areas encounter, such as limited funding sources, inadequate infrastructure, and bureaucratic barriers. Through the use of a mixed-methods approach that incorporates both qualitative case studies and quantitative data analysis, the research provides insights into the factors that support startup growth and successful entrepreneurial ecosystems. It also emphasizes how crucial it is to have cooperative networks and supportive regulations in place in order to maximize entrepreneurial potential. The results show that startups can transform economic diversification and resilience by overcoming challenges and utilizing local resources. The goal of this research is to give stakeholders, investors, and policymakers practical advice on how to foster thriving entrepreneurial environments that support long-term economic growth in emerging nations.