Yes, I believe that race-and ethnic-specific theories are necessary to make a change. For example, the work by Sapolsky (2017) analyzes the three most common reasons why African Americans record low entrepreneurship rates. According to the article, the three reasons attributed to low entrepreneurship among African Americans are the psychological or cultural perspective, ethnicity perspective, and racial approaches.
Using the three views, the author attempts to explain the entrepreneurship obstacles created by race. Hence, critical race theory allows future researchers to help find ways of removing psychological and cultural obstacles to African-American entrepreneurship.
Further research on topic