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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.
In his State of the Union Address next week, President Obama will shift gears back to job creation after his inauguration speech focused on wider themes. As the debate about how the government can help the economy regain its pre-recession strength enters a new phase, the Kauffman Foundation’s annual “State of Entrepreneurship Address” last week in Washington, DC, focused on how financial constraints have been blocking the success of new and young firms that create most of the net new jobs.
Thousands of people from 135 countries have already confirmed their participation for next month’s week-long Global Entrepreneurship Congress (GEC) and festival in Rio de Janeiro. As chair of the GEC for the past few years, I have witnessed the emergence of this global platform for collaboration among entrepreneurs, their investors and national leaders held outside the United States. So what happens at the GEC?
Cost-effective “infrastructures” – both physical and legal – provide the essential platforms for the activities of all economies. In the physical realm, for example, it is hard to imagine life without roads, communications networks, airports, ports, sewer systems and electricity grids. Because of their “public good” nature, government plays a central role in financing, if not operating, such infrastructure facilities. In turn, because so much infrastructure is local, the planning and construction of many projects historically has been delegated to the states (although aided by federal financing).
If you have ever been around somebody trying to start or grow abusiness, you know that entrepreneurs don’t have time for much else,especially not for going to Washington to help keep policymakers up todate on how to encourage high growth entrepreneurship in America—nothurt it. When...
Austria was the last nation to officially sign up for Global Entrepreneurship Week this year and we are especially grateful to the Business Council for International Understanding (BCIU) who with little noticed organized one of our global Featured Events - a forum on “Entrepreneurship and...
In Cairo, the Minister of Education, the President of the Financial Supervisory Authority and other high-ranking officials gathered on November 15 for the Launch of the Global Entrepreneurship Week. At this event, participants shared knowledge on how to build an entrepreneurial environment. Egyptian leaders tapped...
Washington, D.C, the capital of one of the most entrepreneurial economies and home to the largest international development organizations is alive for this, Global Entrepreneurship Week. Policy events will focus, like others around the world, on the need to globally unleash a new wave of...
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...
Entrepreneurs making a decision about obtaining angel versus venture financing should consider a new research finding that there are substantial differences in how angel investors and venture capitalists approach initial public offerings (IPOs).The Center for Venture Research at the University of New Hampshire (UNH) presented...
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