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Explain the role of entrepreneur in export promotion and import substitution.

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shuvajyoti | Student, Undergraduate | eNotes Newbie

Posted February 18, 2012 at 12:44 PM via web

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Explain the role of entrepreneur in export promotion and import substitution.

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted February 18, 2012 at 12:51 PM (Answer #2)

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Entrepreneurs are important in both of these sectors (and really in all sectors) because it is their innovation and their willingness to take risks that allow them to make goods and services that can be exported or that can take the place of imports.  Looking at India as an example, we can see that it has been a leader in the export of services to the United States.  In order for this to happen, entrepreneurs had to come up with the ideas for the various companies that now export services.  Without entrepreneurs, no one takes the risks needed to allow an economy to grow.

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