Positioning Social Enterprise as an Engine for Economic Growth: Policy Discourse

This chapter delves into a detailed exploration of the crucial interplay between social enterprises and economic growth. The primary aim is to conduct a thorough investigation of the multifaceted relationship between these entities. The authors analyse the challenges and advantages inherent in this relationship and propose strategies for policymakers to harness the profound impact that social enterprises can exert on both societal and economic progress. To achieve a comprehensive understanding of this subject, qualitative research methods have been employed throughout this chapter. The research methodology involves an extensive literature review, which serves as a foundation for gathering insights and knowledge pertaining to social enterprises and their intricate ties with economic growth. Recognising social enterprises as catalysts for economic expansion necessitates the formulation of a comprehensive policy framework. Consequently, it becomes imperative to address these challenges. This approach is not only crucial for ensuring the growth and sustainability of social enterprises but also for fostering a form of economic growth that embodies inclusivity, equity, and sustainability. The recommendations presented in this chapter advocate for the establishment of an enabling environment where social enterprises can thrive and make substantial contributions to economic development, all while addressing urgent social and environmental challenges.