The failure of social entrepreneurship to address economic and legal pressures in the modern global context

Saturday, October 10, 2015: 9:00 AM
Stephanie Bardwell, JD, LLM , LUTER SCHOOL, Christopher Newport University, Newport News, VA
Economic, social, legal conditions are integrated by nature and are examined best through the lens of experience. This paper describes the modern relationship of economic, legal and social factors and compares these factors with inadequacies of social entrepreneurship as a means to address the problems of displacement, unemployment, stagnation and instability in the so-called best economies of the G20.  This paper addresses the concern that classic economic performance indicators are useful to mark trends, and similarities, as well as differences in markets and within sectors of the economy; but it is difficult to evaluate or align the overall impact of significant civic movements, regulatory and legal constraints, social welfare efforts, particularly in social entrepreneurship, to determine how these influences are likely to affect stability or instability. Methodology in this paper will include analysis of data comparisons on GDP, job creation, employment, business failures, and quality of life data, too, from the WTO, IMF, WHO, and other sources from 2008 through 2014/2015.  Economic, legal and social entrepreneurship activities in the G20 nations will be compared and findings reported. It is expected that social entrepreneurship and legal data will predict some minor positive economic results in the G20 countries.  Analysis of data on the availability of funding, tax and regulation, government initiatives and social entrepreneurship activities, though limited compared with classic indicators, is predicted to demonstrate that social entrepreneurship affects growth less significantly than hoped or desired. This may demonstrate the failure of social entrepreneurship to address economic and legal pressures in the modern global context.