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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.
I suggested in my blog following President Obama’s Presidential Summit on Entrepreneurship earlier this year that what we need now is for routine global ministerial level economic meetings to concentrate on policies that encourage the creation of new firms. As I depart Toronto where we have been gathering for the official G20 Young Entrepreneurs Summit I note at least one minister arriving having put his money where his mouth is for entrepreneurs - UK Chancellor of the Exchequer George Osbourne.
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