Chapter 5 focuses on foreign or reserve currency shortage and its implications for development prospects. It is argued that the problem of foreign exchange shortages is persistent, causing problems for some Developing and Emerging Economies’ (DEEs) by inhibiting their potential for growth. The provision of reserve currencies is necessary for financing structural change and the conduct of monetary and fiscal policies which proves particularly important in times of crises. However, unfavourable trade structures make it hard to acquire enough foreign currency as exports of primary commodities are a poor source of foreign exchange. If the foreign exchange finance gap is closed via foreign loans, the issue of debt sustainability arises. The chapter uses the case of Ethiopia to illustrate the dilemma consisting of dependence on foreign exchange, an undiversified trade structure and risks of overindebtedness.
Friederike Welter , David Urbano, Turki Alfahaid, Abdullah Aljarodi, Elsa Breit, Andreas Buhrandt, Débora de Castro Leal, Sina Feldermann, Jonas Janisch, Philipp Köhn, Tatiana Lopez, Anne Löscher, Anna Müller, Max Paschke, Philipp Julian Ruf, Julia Schnittker and Christine Weigel
What does relevance and impact in entrepreneurship mean, why should we care about making research relevant especially as early career researchers and which challenges do researchers face in order to realise impactful and relevant research? These are the questions raised in Chapter 1. The discussion helps us to understand and to distinguish the concepts of relevance and impact. Early career and leading researchers reflect on their tasks in both academic and non-academic worlds and are critically re-thinking the current ways of defining scholarly impact through well-known measurements. The authors suggest the encouragement of research that is meaningful for different target groups such as practitioners, academic organisations and wider society.