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With nearly all net job growth in our country coming from companies less than five years old, Congress has debated this year what the role of government should be in developing programs and interventions that support entrepreneurship. While the World Bank’s Doing Business project reported a record number of new pro-entrepreneurship legal and regulatory reforms around the world in 2009, governments and multi-national institutions continue to be tempted to develop entrepreneurship development programs.
The nurturing of new and young firms has so far not been given much attention in prominent global gatherings. International government meetings have mostly concentrated on passive SME policy and others like the World Economic Forum have treated entrepreneurs as a side ring at the circus. The maturing of the Global Entrepreneurship Congress (GEC) to fill this gap is thus a welcome development.
While the number of programs aimed at encouraging more entrepreneurship has increased rapidly, research has not kept pace. A new effort announced last Friday by U.S. Secretary of State John Kerry aims to help fill that void. The Global Entrepreneurship Research Network (GERN) was founded by the Kauffman Foundation, World Bank and Endeavor Insight to standardize data and work to gain a better understanding of policy barriers and what the right policies are for fostering entrepreneurship.
Spain’s victory yesterday in the World Cup in Johannesburg marks the conclusion to an exciting competition. However, with the media pointing to some of the dashed economic expectations among South Africans these past few weeks, I decided to inquire a little more into the entrepreneurial...
Like many developing countries, Bolivia has a nascent, but promising
entrepreneurial environment. The country has a good number of
institutions that offer financial and technical services that network
the country’s millions of micro-entrepreneurs. However, as readers of
this blog are well aware, data has confirmed time and again that it is
young firms that grow that provide the most benefits to society in terms
of job and wealth creation and innovation. Thus, the challenge ahead
for Bolivia is to enable more growth entrepreneurs.
According to The Times CEO Summit here in London, Britain is mid-table in the world growth league, but committed to a new rigorous economic agenda. Now that the painful job of drastic budget cuts is underway and an often angry public has aired its grievances, Prime Minister David Cameron appears to be intently focused on new firm formation, the know-how economy, the next digital revolution and private input into “innovating down” health costs. He is determined to protect his AAA Standard & Poors evaluation and keep his economy from heading in the direction of others like Greece.
Botswana is among Africa’s richest countries and the continent’s oldest functioning post-colonial, multi-party democracy. It has low taxes and a stable government that has been ranked as Africa's least corrupt. But it needs entrepreneurs.
With stadiums rising across the country for the 2014 World Cup soccer tournament and in Rio de Janeiro for the 2016 Olympics, it is clear Brazil itself is rising on the world stage. The country’s economic growth has led it to overtake the UK as the world's sixth-largest economy while the announcement last week that it won the bid to host the next Global Entrepreneurship Congress (GEC) will spotlight the role that entrepreneurs have played in the country’s newfound economic prowess and international standing.
Brazil is more than just the popular future host of the 2014 World Cup and 2016 Olympics. It is a very promising economy and the country of origin of many global challenger companies, such as Embraer, Marcopolo, and Natura. Economic analysts group the country with the most promising emerging markets, Russia, India and China, which together form the “BRIC countries.” Is entrepreneurship responsible for part of Brazil’s economic development? A look at some of the trends in entrepreneurship in Brazil suggests so, and the country’s efforts to boost its culture of innovation and entrepreneurship promise to sustain its growth in the coming years.
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