Fintan Donohue has compiled a set of essays and interviews with thought leaders who reflect on “the importance of innovation for the public good.” Jonathan Ortmans, president of Global Entrepreneurship Week, introduces the topic by noting the timeliness of entrepreneurship as a means toward economic recovery. While he rejects the notion of a formula to promote entrepreneurship, Ortmans highlights the need to examine the policy environment and reduce barriers to entrepreneurship. “Entrepreneurship, especially high-growth, high-impact entrepreneurship, emerges when the proper incentive structure is in place, when individual initiative is encouraged, and when individuals have the opportunity to engage in innovation.”
Archive for August 2011
CIPE recently launched its fourth annual International Youth Essay Contest. Young people from around the world are invited to share their ideas on how youth can help strengthen democracy and the private sector.
This year CIPE is accepting essays from youth (aged 18-30) in the following categories:
- Youth in democratic transitions: How can youth play a significant role in newly-formed or emerging democracies? Do existing broad-based civil society groups or parties provide youth with opportunities to participate? How might youth in your country form their own groups and voice their concerns and needs as future leaders?
- Economically sustainable development: How can youth take ownership of the most pressing development issues and solutions in your country? What can the next generation do to build democratic and economic development that is self-sustainable for the long run? What can be done to make sure progress is locally-driven, effective, and not dependent on foreign aid?
- Corruption: How does corruption influence the way business is done in your country – how do nepotism, cronyism, and/or bribery make doing business difficult or more costly? What are some innovative, new initiatives that the next generation should take to address corruption (e.g. are there ways to change the incentive structure to discourage such behavior)?
Winners of CIPE’s Youth Essay Contest 2011 receive a $1,000 honorarium, and CIPE publishes winning essays as part of its bi-monthly Economic Reform Feature Service paper series. The deadline for submission is 12:00 a.m. (EST) on November 14, 2011. Further guidelines and the submission form can be found at www.cipe.org/essay.
The OECD publishes statistics on entrepreneurship, based on business registration data, for a wide range of countries. The statistics generally cover the developed economies and exclude micro- and informal enterprises. Still, they provide useful evidence on trends in entrepreneurship.
One main finding is that enterprises form at a higher rate in the services sector than in manufacturing, but tend to survive longer in manufacturing than in services. High-growth firms (those exceeding 20% annual growth in employment) account for no more than 6% of the enterprise population, while the so-called gazelles (those exceeding 20% annual growth over a three-year period) represent at most 1% of the population. Countries with the most positive image of entrepreneurs include Nordic countries, the United States, and Ireland, followed closely by Turkey.
See Entrepreneurship at a Glance 2011 (OECD).
Deadline: August 22, 2011.
Innovations for Poverty Action has a competition open for grants to “build a systemic body of evidence on the contribution of SMEs and entrepreneurship to poverty alleviation and economic development.” The Competition on Entrepreneurship and SME Growth for Young Scholars aims to stimulate research on access to finance and human capital.
Application details and the request for proposal are available here.
Youth are an integral part of economic and democratic development, yet all too often face a situation of high youth unemployment or are left out of the policymaking process. We often relate how CIPE programs are dealing with these pressing challenges. Today in celebration of International Youth Day, we’d like to share glimpses of how young people themselves are taking action and assuming leadership in these programs and beyond.
Continue reading ‘A Collection of Success Stories to Celebrate International Youth Day 2011’ »
Peru – CIPE announced the winner of the 2011 CIPE Leading Practices Contest: Instituto Invertir, recognized for its EmprendeAhora program on entrepreneurship and civic education for Peruvian youth. CIPE launched the contest for members of its partner network to recognize innovation and good practice in the field of democratic and market reform. EmprendeAhora was also mentioned in a blog by Jonathan Ortmans on entrepreneurship in Peru.
The Dhaka Chamber of Commerce and Industry (DCCI) organized a conference in 2010, namely Bangladesh 2030: Strategy for Growth. At the conference, DCCI projected that Bangladesh can be one of the 30th largest economies of the world by 2030 if concerted efforts are taken based on the fundamentals of vision 2021 announced by the government. In preparing this 20 years’ vision, DCCI also involved young visionaries throughout the country to present and share their thoughts with us on how they would like to see Bangladesh be one of the 30th largest economies by 2030.
In order to involve future leaders of the country in developing the strategies for 2030, DCCI held a Young Visionaries Competition Award for university-based students to participate. Continue reading ‘Young Visionaries of Bangladesh’ »
Online start-ups retain the glamour and risk of the original dot-com era. Famous names like Facebook and Alibaba have shown stunning growth. Yet, becoming competitive and profitable is no easy task, and for most entrepreneurs the technology alone is not enough to provide a competitive edge.
Forbes has the story of Rozee.pk, the largest job-posting site in Pakistan. The site’s founder, Monis Rahman, was originally focused on another social networking site he had created (Naseeb.com). The traffic the jobs site generated led him to direct his attention there. His current challenge is sorting out how to work with instead of against big networks like Facebook and LinkedIn.