Role of political economy in mediating innovation and entrepreneurship–a perspective based on some cases from Nepal
Published Online: Mar 2, 2023
Email:
achyutnepal1962@gmail.com
Fil. Dr. Jan-U. Sandal Institute, Finstadjordet, Norway
Views: 387
Downloads: 30
Download PDF
Abstract:
This paper analyses the role of political economy to influence innovative behavior of social entrepreneurs. The paper consists of critique on the understanding and interpretation of social entrepreneurship from the perspective of political economy. Review of past studies reveals limited analysis on the role of political economy in mediating the innovating behavior and functions of social entrepreneurs. In this study while dragging the theoretical perspective in analyzing the practical experience, opinion of some selected social entrepreneurs in Nepal have been collected and analyzed. Findings are based on the analysis of thematic and content analysis of the past studies and the opinion collected from the interviews of social entrepreneurs. The main aim of the paper is to get insight into the role of political economy in influencing innovative behavior of social entrepreneurs. The approaches and methodology applied include review of theories on political economy and its interconnection between the innovation and social entrepreneurship. Method applied to achieve objective covers content and thematic analysis of the interviews of selected Nepali social entrepreneurs. Theories relating to the each of the thematic areas have been reviewed from the literature available in books, journals, newspaper, magazines and different internet sources. It is seen that innovation is independent work of an individual which generally happens to be indifferent with the political, economic and social system but a good system of political economy can influence the innovative behavior and can play a significant role to flourish social entrepreneurship more effectively.
Keywords:
JEL Classification:
F43, L26, O31
How to cite:
Nepal, A. (2023). Role of political economy in mediating innovation and entrepreneurship– a perspective based on some cases from Nepal. Access to science, business, innovation in digital economy, ACCESS Press, 4(2), 205-220, https://doi.org/10.46656/access.2023.4.2(5)
References:
-
Agrawal, G. R. (2010). Entrepreneurship Development in Nepal (2067th ed.). M.K. Publisheres and Distributors
-
Colleges Nepal. (2022). Colleges Nepal. Interview with Mr. Mahabir Pun. https://www.collegesnepal.com/ personalities/interview-with-mahabir-pun/ (accessed on 02/06/2022/)
-
Dhakal, T. (2020, January 18). “Achyutananda ko Biman Shastra” (in Nepali). “Kosheli” Kantipur News (4 Magh 2076). https://ekantipur.com/koseli/2020/01/18/157932336767788133.html (accessed on 02/06/2022/)
-
Dimmelmeier, A., Pürckhauer, A., & Shah, A. (2016, December 18). Marxian Political Economy. Exploring Economics. https://www.exploring-economics.org/en/orientation/marxist-political-economy/ (accessed on 19/05/2022/)
-
Gilens, M., Page, B. I. (2014). Testing theories of American politics: Elites, interest groups, and average citizens. Perspectives on Politics, 12(3), 564–581. https://doi.org/10.1017/S1537592714001595 (accessed on 25/11/2022/)
-
Ibata-Arens, K. (2003). The comparative political economy of innovation. Review of International Political Economy, 10(1), 147–165. https://doi.org/10.1080/0969229032000048862 (accessed on 10/10/2022/)
-
JBR, P. (2008). Shree Tinharuko Tathya Britanta (in Nepali) (Fourth). Bidyarthi Pustak Bhandar
-
Juneja, P. (2022). Factors Which Affect Entrepreneurship. MSG. https://www.managementstudyguide.com/factors-which-affect-entrepreneurship.htm (accessed on 02/07/2022/)
-
Kenton, W. (2022). Political Economy Definition. Investopedia. https://www.investopedia.com/terms/p/political-economy.asp (accessed on 02/04/2022/)
-
Kickul, J., Terjesen, S., Bacq, S., Griffiths, M. (2012). Social business education: An interview with Nobel Laureate Muhammad Yunus. Academy of Management Learning and Education, 11(3), 453–462. https://doi.org/http://dx.doi.org/10.5465/amle.2011.0500
-
Kirzner, I. M. (2009). The alert and creative entrepreneur: A clarification. Small Business Economics, 32(2), 145–152. https://doi.org/10.1007/s11187-008-9153-7
-
Lama, S. (2017, March 8). Nepal ’ s young innovators : Ram & Laxman. MyRepublica, 1–10. https://myrepublica.nagarik network.com/news/nepal-s-young-innovators-ram-laxman/
-
Lamsal, K. (2014). For The Eyes Without Light: Dr. Sanduk Ruit : DREAMS Magazine. Dreams. https://mydreamsmagazine.com/article/for-the-eyes-without-light-dr-sanduk-ruit/ (accessed on 02/06/2022/)
-
Lettice, F., Parekh, M. (2010). The social innovation process: Themes, challenges and implications for practice. International Journal of Technology Management, 51(1), 139–158. https://doi.org/10.1504/IJTM.2010.033133
-
Li, M. (2013). The 21st century: Is there an alternative (to socialism)? Science and Society, 77(1), 10–43. https://doi.org/10.1521/siso.2013.77.1.10
-
Liberto, D. (2022). Who Was Joseph Schumpeter, and What Was He Known For? Investopedia. https://www.investopedia.com/terms/j/joseph-schumpeter.asp (accessed on 11/10/2022/)
-
Mahat, T. J. (2009). Interview ICT for Rural Community Development - Interview with Mahabir Pun. ICIMODMountain Forum Bulletin, January, 36–37. https://lib.icimod.org/record/14486 (accessed on 02/06/2022/)
-
Mahbubani, K. (2018). Singaporean diplomat Kishore Mahbubani: “American dream” has been badly damaged. CGTN. https://weibo.com › LbFVdFUr4 (accessed on 11/10/2022/)
-
Miller, S. (2015). Getting political: Marxism and social entrepreneurship. Medium. https://milski360.medium.com/ getting-political-marxism-and-social-entrepreneurship-67ce45beb334 (accessed on 05/04/2022/)
-
Nepal, A. (2021). Context of museology in social entrepreneurship IBS study in Nepal and Sandal Private Museum. Access to science, business, innovation in digital economy, ACCESS Press, 2(1): 5-16, https://doi.org/10.46656/access.2021.2.1(1)
-
Nepal, A. (2018). Capitalism or Socialism Which Replaces? Economics Scientific Bulletin of Chernivtsi University: Collection of Scientific Papers. Vol. 804. Economics. – Chernivtsi, 30–36
-
Nepal, A. (2020). Entrepreneurship and Economic Development Introduction. Modern Economics, 19, 143–148. DOI: https://doi.org/10.31521/modecon.V19(2020)-23 (accessed on 19/10/2022/)
-
Nurshafira, T., & Alvian, R. A. (2018). Political-Economy of Social Entrepreneurship in Indonesia: A Polanyian Approach | Nurshafira | Jurnal Ilmu Sosial dan Ilmu Politik. Jurnal Ilmu Sosial Dan Ilmu Politik, 22(2), 144–157. https://doi.org/doi: 10.22146/jsp.27942
-
Odinokova, T., Bozhinova, M., Petrova, M. (2018). Promotion of Innovative Entrepreneurship Under Sustainable Development. E3S Web Conferences Volume 41, 04015 (2018). https://doi.org/10.1051/e3sconf/20184104015
-
Sandal, J.-U. (2016). The New Social Class System. Role of Higher Education Institutions in Society:Challanges, Tendecies and Perpectives, ISSN 2029-9311, ALYTUS COLLEGE, 5(1), 210–214. https://www.janusandal.no/images/ 2016JanUSandal.pdf (accessed on 22/05/2022/)
-
Schnellenbach, J., & Schubert, C. (2019). A note on the behavioral political economy of innovation policy. Journal of Evolutionary Economics. Vol. 29, Issue 5. https://doi.org/10.1007/s00191-019-00625-y
-
Schumpeter, J. A. (1942). The-Theory-Of-Economic-Development.pdf. In R. Opie (Ed.), Harvard University Press (English Ed). Oxford University Press. https://ia801601.us.archive.org/0/items/in.ernet.dli.2015.187354/ 2015.187354.The-Theory-Of-Economic-Development.pdf (accessed on 20/01/2022/)
-
Schumpeter, J. A. (2003). Capitalism, Socialism and Democracy (with a new Introduction by Richard Swedberg, Stockholm University). In Routledge, https://periferiaactiva.files.wordpress.com/2015/08/joseph-schumpeter-capitalism-socialism-and-democracy-2006.pdf (accessed on 05/09/2022/)
-
Seitzhanov, S., Kurmanov, N., Petrova, M., Aliyev, U., Aidargaliyeva, N. (2020). Stimulation of entrepreneurs’ innovative activity: evidence from Kazakhstan. Entrepreneurship and Sustainability Issues, 7(4), 2615-2629. https://doi.org/10.9770/jesi.2020.7.4(4)
-
Taylor, O. H. (1951). Schumpeter and Marx : Imperialism and Social Classes in the Schumpeterian System. The Quarterly Journal of Economics, 65(4), 525–555. https://doi.org/https://doi.org/10.2307/1882578
-
Vaz-Curado, S. F. L., & Mueller, A. (2019). The concept of entrepreneur of Schumpeter in comparison to Kirzner. Interdisciplinary Journal of Philosophy Law and Economics, 7(3), pp.613–642. https://doi.org/10.30800/mises.2019.v7.1223, https://www.redalyc.org/journal/5863/586364185007/html/ (accessed on 22/06/2022/)
-
Wang, Q. J., Feng, G. F., Wang, H. J., & Chang, C. P. (2021). The impacts of democracy on innovation: Revisited evidence. Technovation, 108(June), 102333. https://doi.org/10.1016/j.technovation.2021.102333
-
Westley, F. (2008). The Social Innovation Dynamic. SiG@Waterloo. https://www.ryerson.ca/content/dam/cpipe/docu ments/Why/Frances Westley%2C Social Innovation Dynamic.pdf (accessed on 02/04/2022/)
-
Yu, F. L. T. (2018). Private Enterprise Development in a One-Party Autocratic State: The Case of Alibaba Group in China’s E-Commerce. Issues and Studies, 54(1), 1–33. https://doi.org/10.1142/S1013251118500017
-
Yu, T. F.-L. (2001). Entrepreneurial Alertness and Discovery. The Review of Austrian Economics, 14(1), 47–63
-
Yunus, M. (2009). Creating a World Without Poverty: Social Business and the Future of Capitalism. Global Urban Development, 4(2), 1–19. https://doi.org/10.1177/004908570903900209
-
Ziemnowicz, C. (2013). Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship. Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship. https://doi.org/10.1007/978-1-4614-3858-8
VIEW INDEXES
