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The Saudi Arabian Monetary Agency (SAMA) recently released data indicating that domestic credit to the private sector in Saudi Arabia recorded one of their highest growth rates since the global fiscal crisis. That the Gulf Kingdom’s twelve (12) commercial banks are easing credit curbs is good news for entrepreneurship promoters in the country and leaders in the Kingdom seem ready to provide the fuel to ignite a new wave of startups.
America needs all the talent it can get at home to spur job creation and economic growth. Recently, we have given a lot of attention to the untapped potential of immigrant entrepreneurs. Today, I take a look at other data and ask what we can do to enable more women in America to achieve their full potential as entrepreneurs.
The most successful economic periods in the Dominican Republic have been fuelled in the past by growth in tourism, telecommunications and maquiladora manufacturing but a handful of entrepreneurs are working to add new pioneers across all economic sectors. As part of my recent series on Latin America, we take a quick look at developments from the Dominican Republic.
December is here already, but some policymakers in the U.S. are not ready to end the year with entrepreneurship-enabling legislation on the back burner. Taking an “across-all-industries” approach, the Start-up Jobs and Innovation Act introduced last month in the Senate aims to stimulate investment in research-intensive startups.
Like so many nations that have recently gone through major restructuring over the past 10 years, Serbia is looking to its young entrepreneurial minds to shape a new nation as it marches toward economic recovery. However, while Serbia has embarked upon several structural reforms—especially in the banking sector and in employment regulations—it has yet to successfully tackle corruption, bureaucracy and a weak judicial system. These are holding back its economic potential.
Since 2005, the Eastern Europe and Central Asia region leads the world in enhancing the business climate for local firms. The region overtook East Asia and the Pacific to become the second most business-friendly, after OECD high-income economies. However, one country, the Ukraine, has been described as the “rotten apple” in the region, comparing unfavorably to its neighboring countries. After meeting the “Ambassador Extraordinary and Plenipotentiary of Ukraine to the United States,” I decided to take a closer look.
Unemployment rates in Spain are one of the highest in the developed world, hovering around 25% this year. Worse, for those under the age of 25 the joblessness rate is more than double (57%). On a recent visit to Barcelona, I met a Prince doing something about it.
As the Defense Department’s public review last Thursday of its war strategy in Afghanistan points to a slow troop withdrawal in 2011, efforts to better understand how to spur growth after such conflicts are speeding into top gear. A new cadre of economists, military leaders and other specialists are writing a long-needed canon to guide how to re-build economies during their transition from war to peace using indigenous entrepreneurship. Expeditionary Economics (ExpECON), as the field is now known, is informing large questions of national security strategy, positioning economic growth as a more important component of the formula for strategic success. While I defer to these experts in assessing the entrepreneurial health of current war-torn economies, I thought it timely to take a look at some of the neighbors engaged in their conflicts.
As part of our ongoing discussion about the globalization of the startup movement, we look today at one nation’s strategy that appears to be very effective. Present at the recently concluded Global Entrepreneurship Congress in Liverpool were the leaders of Start-Up Chile, an almost two-year old initiative that has rapidly gained traction around the world. However, while it carries a similar name to other national initiatives around the globe, it has a very different approach.
In the 90s, Argentina became Latin America’s Internet center, which was a
good sign of an entrepreneurial spirit among its people. Endeavor,
the United States nonprofit that helps foster high impact
entrepreneurship, had its first success in the developing world in
Argentina just before the country’s last major financial collapse. Given
Argentina’s turbulent economic history, I thought I would take a quick
look at the role of entrepreneurs over the past 10 years since
Argentina’s Internet startup boom.
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