Role of Government Policies in Fostering Cross-Border Entrepreneurship in Pakistan
DOI:
https://doi.org/10.47672/ije.1827Keywords:
Government Policies, Fostering, Cross-Border EntrepreneurshipAbstract
Purpose: The aim of the study was to assess the role of government policies in fostering cross-border entrepreneurship in Pakistan.
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: Government policies play a crucial role in fostering cross-border entrepreneurship in Pakistan, as evidenced by recent findings. The research indicates that favorable governmental initiatives, such as streamlined regulatory frameworks, tax incentives, and investment promotion strategies, are essential in facilitating entrepreneurial activities that transcend national borders. These policies not only attract foreign investors but also encourage local entrepreneurs to venture into international markets. Moreover, initiatives aimed at enhancing connectivity, such as infrastructure development and digitalization efforts, have been identified as key facilitators of cross-border entrepreneurship. Additionally, the study highlights the significance of diplomatic relations and trade agreements in creating conducive environments for cross-border collaboration and business expansion. Overall, the findings underscore the importance of proactive government intervention in fostering an ecosystem conducive to cross-border entrepreneurship, ultimately driving economic growth and fostering global competitiveness for Pakistan.
Implications to Theory, Practice and Policy: Institutional theory, resource-based view and network theory may be use to anchor future studies on assessing the role of government policies in fostering cross-border entrepreneurship in Pakistan. Governments should focus on creating supportive ecosystems that provide entrepreneurs with access to resources, networks, and market opportunities across borders. Policymakers should prioritize efforts to harmonize regulatory frameworks across borders, reducing bureaucratic barriers and facilitating smoother cross-border transactions for entrepreneurs.
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