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During the 1980s Latin America’s inflation problem worsened and successive stabilization programmes failed in many countries. This led to an increasing concern about the degree of rigidity imposed on the economy by different labour market structures built up over many decades. Wage indexation, in particular, was often blamed for the failure of stabilization and adjustment programmes. Examines the different components of an indexing system and assesses the degree of flexibility that the systems implemented in some countries brought to the labour market. While a particular indexing system may have the effect of reducing wage flexibility in certain periods, the analysis of data at the macro level shows that in the long term wage indexation has not been insurmountable obstacle. Stresses that wage determination is just one of the key processes with a substantial influence on inflation. In the case of high inflationary countries, the existence of various key prices draw attention to the need for co‐ordination in the adjustment of different prices during the application of a stabilization programme.

The debate on the public sector has been central in structural adjustment programmes applied in developing countries during recent years. The common grounds of the discussion have been the size of the public sector, its role and its efficiency in delivering services. The common criticisms of the 1980s are that the public sector is too big, overstaffed and inefficient. Examines these issues under a long‐term perspective. Finds that at the aggregated level there is no clear‐cut evidence to support those criticisms of the size of the public sector in developing countries. Compared with industrialized countries, there is no particular evidence of the public sector being too big in the developing world. However, it appears that the sequence of the adjustment process has negatively affected the performance of important parts of the public sector by distorting the proportion of wage and non‐wage expenditures, disregarding their complementarity. The consequent imbalance between inputs and employment has resulted in practical overstaffing.

This paper reviews the literature available on sustainable entrepreneurship along with the terms used interchangeably (as the context demands) and explores the themes research have undertaken to explain the concept across multidisciplinary avenues. The purpose of this literature review is to determine the direction of research in the field of sustainable entrepreneurship. It also enables the author to find out the relevance with similar terminologies, i.e. green entrepreneurship, ecopreneurship, ecological entrepreneuship etc. Also, how various differentiating concepts under the guise of sustainable entrepreneurship contribute to the similar goals on organizational level.

Scopus and Web of Science databases are explored for research articles including term “sustainable entrepreneurship”. A list of 50 most cited articles is extracted from the results and analyzed for underlying themes and trends in current research. Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) standard is used to systematically search articles from two databases and filtering for the most relevant manuscripts.

The categorization of research articles is conducted to understand the direction of research in this field and the emphasis on specific aspects. Themes identified are further elaborated into subcategories to get to the underlying theme of the research article. The research trend implicates the shift toward practical application and evaluation along with conceptual exploration and analysis which is inherent in any field of research.

The literature review in primarily conducted on two most referred databases, i.e. Scopus and Web of Science, as the search for term “sustainable entrepreneurship” yeilded most results in these databases. Also the methodology adopted focused on the most cited articles in the past two decades to extract the themes and subthemes. This allows the researcher to determine the trends and gaps in the current research.