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Social enterprise and sustainable development in Bangladesh and Korea: Opportunities and challenges
Author(s) -
Cho Sangmi,
Sultana Razia,
Kwon Soil
Publication year - 2019
Publication title -
asian social work and policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.286
H-Index - 13
eISSN - 1753-1411
pISSN - 1753-1403
DOI - 10.1111/aswp.12169
Subject(s) - sustainability , poverty , economic growth , scope (computer science) , socioeconomic status , promotion (chess) , political science , social change , currency , business , development economics , economics , sociology , politics , population , ecology , demography , computer science , monetary economics , law , biology , programming language
The aim of this paper was to understand the similarities and differences between social enterprise (SE) systems in Korea and Bangladesh in terms of the emergence, background, development, and current status of the SE's policies and support systems in these two countries. This study employs a conceptual qualitative analysis, and the data used in this study were obtained from multiple reliable literature reviews. The data were analyzed based on a text‐by‐text comparison of social enterprises in the two countries, and the results were revealed through written explanation. In Korea, the SE system emerged as social employment creation plan after the currency crisis in 1997. Later, in 2007, this movement turned into the “Social Enterprise Promotion Act.” Conversely, in Bangladesh, the SE system emerged as a result of NGOs’ activities to “alleviate poverty” and “facilitate job creation” after the War of Independence in 1971 in an informal socioeconomic conditions. There is no explicit legal form of SEs in Bangladesh. This study also suggests the nature and scope of SEs and the barriers to sustainability of SEs in both countries. The study also emphasized the foundations to develop relevant policies as well as clear regulations for the future sustainability of the SEs of these two countries.