“IFS” AND “BUTS” IN POVERTY AND DEVELOPMENTAL ECONOMICS. PERSPECTIVES OF ENTREPRENEURIAL UNIVERSITY MODEL IN COUNERVAILING EFFECTS
Where poverty has become a recent times illusion in recovery in various facets of economic propulsion there are various myriads of poverty which has imbibed the injustice and diversity in its ambit. There lies a varied chemistry regarding economic geography on how inclusive social enterprises channel economic growth. What are the economic engines of innovation in case of social entrepreneurship? Why are few people obsessed with poverty? How can the underlying behavioral psychology of economics create a paradigm shift in development? This paper is unique in the sense that it caters the research gap in social inclusion and mental accounting of poor people with applications of new model of entrepreneurial university and the bottom of the pyramid. Whereas these two models are unique in perspective which has created effectual entrepreneurship incubation globally, such models are rebuilt with interlinking phases to create a hybrid model which can better understood dynamics of poverty and how the models can be applied globally with case studies in emerging economies for perfect functioning. The paper also addresses the recent development in behavioral economics with nudges and application of modern theories pertaining to psychology of economics to understand poverty dimension and create a policy for recovery and inclusion in mainstream economic growth.
behavioral economics, bottom of the pyramid, entrepreneurial university, India, national economic policy, poverty, triple helix model
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About the Author
Samrat Ray – MPhil, Researcher, Alagappa University, Karaikudi, India; Graduate Student, Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russia. E-mail: firstname.lastname@example.org
Ray S. “Ifs” and “Buts” in Poverty and Developmental Economics. Perspectives of Entrepreneurial University Model in Countervailing Effects // BENEFICIUM. 2021. Vol. 2(39). Pp. 55-60. (На англ.). DOI: 10.34680/BENEFICIUM.2021.2(39).55-60