NBAY 5550

Entrepreneurship and Alternative Finance in Emerging Economies

Course Description

Course information provided by the Courses of Study 2020-2021.

Economic and financial development are inextricably intertwined. Unless companies have sufficient access to financial resources, they are unable to grow, become more productive and create new jobs. Entrepreneurial startups face particularly important challenges. In the early phases of their life cycle, few, if any, young firms have enough tangible assets that they can pledge as collateral. As a result, these companies usually find it difficult to borrow from banks. While this is true in advanced economies, this challenge is often unsurmountable in emerging economies. At the same time, however, startups tend to be particularly innovative. Without transformational entrepreneurs who have access to sufficient funding, it is difficult for emerging economies to foster technological change and productivity growth through a process of creative destruction. As a result, underdeveloped financial systems are generally seen as a major impediment to economic growth.

When Offered Spring.

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