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Since the economic crisis broke out, capitalism has been under the microscope. Many have blamed evil businesses and market forces for the financial meltdown, and have lost confidence in private-sector engagement strategies for recovery. Luckily, in this country many more have experienced the positive impact of entrepreneurship either directly and indirectly. In a March 2009 survey, 63% of respondents said they “prefer giving individuals the incentives they need to start their own businesses as opposed to allowing the government to create new jobs directly.” A look at the role of new businesses in the economy reveals that it is not a matter of rejecting capitalism but rather of allowing more entrepreneurs into the economy.
Last week PDE posted a note about an idea to improve the effectiveness of university technology transfer in the U.S.
There seems to have been some confusion following this about the nature of the breakthrough idea to improve the U.S. model for commercialization of university-developed technologies. In...
For the past five years, the National Dialogue on Entrepreneurship has helped expand the discourse about how to best to advance innovation and catalyze economic growth beyond “small business” to debates on science, technology, engineering and research. While we will continue to advance discussion driven by developments in the all important innovation economy, the initiative will carry a new name - the Policy Dialogue on Entrepreneurship (PDE). PDE will pick up exactly where NDE left off -– broadening attention to the field of entrepreneurship and connecting thought leaders looking to advance it.
I have always liked the story of the CEO who sends two shoe salesmen to Africa. When they report back, one says “Bad news, they don’t wear shoes here”. The other reports excitedly “Wonderful news boss, they have no shoes”.
Throughout the Arab world, policymakers have been paying attention to the power of entrepreneurship. Hundreds of initiatives are being launched to encourage youth to innovate, learn marketable skills and start their own enterprises. The United Arab Emirates and the Arab Republic of Egypt rank among...
Haitians have received help from governments, the private sector and the philanthropic community around the world to deal with the awful devastation, but the long term goal of rebuilding a nation and constructing institutions from scratch will require sustained commitment to the country. I can’t think of a better group to enlist in this task than Haitian entrepreneurs. The needs of the businesses affected in this region are extraordinary, but so is their potential to become agents for restoration.
I recently returned from Brazil, the world’s sixth largest economy, where President Dilma Rousseff, a former Marxist revolutionary, is using pro-growth incentives such as lower interest rates, proposed tax cuts and infrastructure investment to fuel her nation’s quest for sustained economic growth and help more Brazilians stand on their own two feet. That Rio will host the Global Entrepreneurship Congress in March 2013 is obviously important for Brazilians. It might be more important for the rest of world.
I have just returned today from a short visit to South Korea where I addressed an international conference and met with various universities both in Seoul and Daejeon Valley – described to me by locals as Korea’s Silicon Valley.
Visitors arriving at Seoul’s acclaimed airport can only be impressed by its sophisticated application of technology into everyday lives. The train I rode from Seoul to Daejoen cruised at 300 Kilometers per hour, every taxi in Seoul was clean and paid for with a back seat touchpad card reader and the urban planning seemed super smart with local government being placed in beautiful floating structures on the river and national government being moved altogether out of Seoul.
It is time to implement new methods to shake our economy out of this lingering spell of slow growth (a disappointing 2% rate) and high unemployment (hovering around 9%). And while the large federal budget deficit does not leave much room for implementing more traditional economic remedies, the Kauffman Foundation—at a press conference this morning here at the National Press Club in Washington, DC—suggested it is time for legislation. Startup legislation.
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