Volume 4, Issue 4, December 2019, Page: 134-141
Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer
Papel Tanchangya, School of Business Department, Zhengzhou University, Zhengzhou, China
Nazmul Hasan Chowdhury, School of Business Department, Zhengzhou University, Zhengzhou, China
Chu Yingjing, School of Business Department, Zhengzhou University, Zhengzhou, China
Received: Aug. 7, 2019;       Accepted: Nov. 12, 2019;       Published: Nov. 21, 2019
DOI: 10.11648/j.jbed.20190404.12      View  23      Downloads  10
Abstract
Economic Development is the main aim for every country. Returning industry transfer (RIT) is a continuous cycle of developing industry and the economic growth. Through the returning industry transfer, the numbers of Institutional entrepreneurs increasing day by day. The basic aim of RIT is to strengthen the growth level of entrepreneurs who then drive more economic growth through their innovative strategies. Returning industry transfer has a positive influence on the growth of institutional entrepreneurs as the skills and capabilities of a traditional entrepreneur can be nurtured, promoted and cultivated with it. RIT is further associated with a number of beneficial outcomes such as higher production levels, skills and knowledge migration across industries, reduced costs, lowered poverty levels and improved entrepreneurial abilities. The objective of this study is to analyze the impact on rural revitalization through returning industry transfer. To do so, the paper considers factors like high technology, entrepreneur, poverty alleviation, rural revitalization. All these factors which result from RIT also have a broader economic impact in the form of long-term growth and development. Returning industry transfer is a driving factor to bring entrepreneurial innovation in an industry. Not only has this but it also enhanced the pace of rural revitalization, poverty reduction, economic development and growth.
Keywords
Returning Industry Transfer, Institutional Entrepreneur, Economic Growth, Social Entrepreneurs, Poverty Reduction, Rural Revitalization
To cite this article
Papel Tanchangya, Nazmul Hasan Chowdhury, Chu Yingjing, Impact on Growth of Institutional Entrepreneur and Economic Growth Through Returning Industry Transfer, Journal of Business and Economic Development. Vol. 4, No. 4, 2019, pp. 134-141. doi: 10.11648/j.jbed.20190404.12
Copyright
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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