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I report in today from Shanghai where preparations are underway for a major global summit on entrepreneurship at the end of March. The recent events in Egypt have put a spotlight on the role of a younger, well-educated generation of entrepreneurs peacefully channeling expressions of economic freedom. China has been miles ahead in reconciling a strong government with messy entrepreneurialism and offers some useful lessons for Arab nations as they grapple with enabling, rather than blocking, their citizens under the age of 25.
Colombia is the fifth-largest economy in Latin America in terms of GDP. The country boasts one of the best coffees in the world, rich natural resources, abundant gold and emerald production, and a relatively educated populace. And despite its international reputation for drug cartels and violence, the latest Doing Business 2011 ranking suggests things could be improving. Colombia is ranked number 39 among 183 countries in terms of the ease of doing business.
This year has brought a lot of productive give-and-take of ideas on clean energy innovation by people around the world who saw opportunity rather than doom in the combination of environmental and financial challenges. Last May, for example, I joined over 140 participants from all...
Today, I attended the House Committee on Science and Technology’s Subcommittee on Research and Science Education a hearing titled “From the Lab Bench to the Marketplace: Improving Technology Transfer.” The representatives heard from experts on ways to approach the improvement of the process of transferring...
The innovation legislation pieces discussed yesterday in the House Committee on Science and Technology corresponded with three sectors of innovation policies—information technology, energy, and services—discussed at a gathering I attended the same day by The Information Technology & Innovation Foundation (ITIF). Stuart Benjamin and Arti...
Proud to have beaten the odds arising from a transition to independence since 1991 and the legacy of a war that only ended in 1995, Croatia officially joined the European Union on July 1, 2013. Last month, I accepted an invitation to visit with the nation’s president, Ivo Josipović, at his retreat on the Brijuni Islands and found a nation already embarking on its next mission.
Early in his Administration, President Enrique Peña Nieto embarked on a serious mission to fuel entrepreneurial growth by challenging Mexico to better tap into its people’s creativity and boost productivity. On January 11, 2013—less than two months after he took office—he signed a decree that created the National Institute for Entrepreneurs (INADEM). Few governments have institutionalized their commitment to building an entrepreneurship ecosystem as highly as Mexico, which now has a decentralized administrative office of the Secretariat of Economy dedicated to entrepreneurs.
The following is a collaborative post by Jonathan Ortmans, president of the Public Forum Institute and a senior fellow at the Kauffman Foundation, and Anders Hoffman, Director of Entrepreneurship and Innovation Policy for Erhvervs- og Byggestyrelsen
Denmark is in many ways a paradoxical country. It has the world’s highest taxes and yet Danes are among the happiest people in the world according to the U.S. National Science Foundation. Denmark has generous social benefits, a large public sector and yet is quite innovative and entrepreneurial. The Global Competitiveness Report and the Index of Economic Freedom both rank Denmark 9th on their world lists, and the Legatum Prosperity Index ranks the country 6th in entrepreneurship and innovation. Denmark did not end in the top ten of these world lists by chance. What steps and policy initiatives made this possible?
We have long argued that the American model for development assistance could improve dramatically if entrepreneurship becomes a stronger element of economic development efforts. Unfortunately, the importance of new firm creation is a concept that has yet to gain relevance in traditional development models, such as the Washington Consensus. However, there are a few actors who understand the power of entrepreneurship and have been using it to improve lives. Diaspora entrepreneurs are using their experience and understanding about entrepreneurship to invest in new ventures in their country of origin. These transnational entrepreneurs view a globe of porous borders.
With all the chatter around the Middle East, we welcome a guest post from Mike Ducker. Over the last two years, he has been the Entrepreneur-In-Residence for the U.S. State Department's Global Entrepreneurship Program (GEP) in Egypt, a project funded by USAID and centered on starting, growing and facilitating financing for Egyptian entrepreneurs. His observations show once more the remarkable similarities around the world in terms of how to support startups.
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