“The barriers that hamper entrepreneurship are indicative of deep governance failures.” Entrepreneurs can either find ways to work around the barriers (a few succeed that way) or they can try to be part of the solution–removing barriers in order to unleash business potential. If entrepreneurs wish to be part of the solution, they must join in public-private dialogue.
Public-private dialogue strengthens policymaking by incorporating valuable private input and creating momentum for reform. For dialogue to be most productive, the private sector must take initiative to advocate for its priorities in a participatory policy process. “Making the Most of Public-Private Dialogue: An Advocacy Approach,” CIPE’s new Reform Toolkit, aids business leaders who seek to improve their participation in dialogue for better policy results.
Continue reading ‘Making the Most of Public-Private Dialogue: A CIPE Toolkit’ »
On January 31st the Young Entrepreneurs Forum was held in Tashkent Uzbekistan. Under the Year of Small Business and Private Entrepreneurship Program, the event was jointly organized by the Fund Forum and Kelajak Ovozi (Voice of the future) Youth Initiative Center, with assistance from the Chamber of Commerce and Industry of Uzbekistan, the National Association of Microfinance Organizations and Credit Unions (NAMOCU), the British Council in Uzbekistan and the Council of Credit Union Federation. The Forum focused on project analysis and current development trends and strategies.
Continue reading ‘Young Entrepreneurs Forum Held in Tashkent’ »
Measuring entrepreneurship is important but hard to do because we associate multiple concepts with entrepreneurship. When we think of entrepreneurship, we might think of business creation, risk-taking, innovation, or business growth. Below are a few sources of statistical data, each of which captures somewhat different aspects of entrepreneurship.
The Global Entrepreneurship Monitor (GEM), started in 1999, is based on an annual survey of individuals in 59 countries. It measures attitudes toward entrepreneurship, entrepreneurial activity, and aspirations for business growth. Both formal and informal business is counted.
Under attitudes, GEM measures perceptions of opportunities, risks, status, intent to start a business, and so on. Under activity, GEM measures rates of business ownership with a focus on businesses that are less than 3 ½ years old (“total early-stage entrepreneurship activity”). Continue reading ‘Measuring Entrepreneurship’ »
On January 28, George Mason University and the Heritage Foundation hosted a stimulating discussion on what we know about entrepreneurship and the conditions for entrepreneurial growth across the world. The expert panel raised several key themes with policy implications.
First, in entrepreneurial economies like the United States, the fastest growing businesses are young businesses, as shown by John Haltiwanger (University of Maryland). Among startup firms, a select group of high-growth firms have a big impact on net economic growth. Although we know the high-growth firms matter, it is extremely difficult to predict which firms they will be, as Erkko Autio pointed out (Imperial College London).
Continue reading ‘Symposium on Entrepreneurship and Development’ »
Paraguay- The Paraguayan Development Foundation (FP) has continued to work on bringing the concept of entrepreneurship to national attention, promote and reward entrepreneurship among teachers and youth, and help the government identify practical ways to incorporate entrepreneurship into public school curricula. As part of this project, FP held a full day workshop with 150 future educators, focusing on the themes of leadership and entrepreneurship and how to apply these concepts in the classroom.
Peru- Rocío Dañino, the Program Coordinator of the EmprendeAhora youth leadership and entrepreneurship program, was interviewed by the Peruvian corporate social responsibility magazine Stakeholders. In this two page interview, Ms. Dañino describes how EmprendeAhora is helping educate Peru’s future leaders and she highlights some of the impact that the program has had so far. Copies of this article in Spanish are available upon request.
Continue reading ‘CIPE Entrepreneurship Updates’ »
The world increasingly turns its attention to China and India: two economies that are driving global growth and which provide interesting terrain for entrepreneurs. What’s distinctive about entrepreneurship in these countries?
Vivek Wadhwa in Foreign Policy magazine says ”Chinese and Indian Entrepreneurs Are Eating America’s Lunch,” creating thousands of technology startup firms. What sets them apart? It isn’t the education system. They have absorbed practices and skills from the West, and now their companies are investing in innovation and education.
Continue reading ‘Views on Entrepreneurship in India and China’ »
“Entrepreneurs are much more than risk takers, they are value creators who people pay to provide solutions to their needs, they are troubleshooters who know how to make money from the issues they resolve, and every generation known to man have had their own set of entrepreneurs.”
“A major setback in the development of entrepreneurs in Nigeria is the unstable state of the political environment which directly impacts negatively on the economic policies…”
Read the 2nd place winning essay, by Etuk Anietie, in the Entrepreneurship and Society category – CIPE Youth Essay Contest 2010.
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Societies everywhere invest in youth in order to prepare them for the future. But what happens when a generation, educated and prepared for anticipated occupational roles, finds an absence of opportunities? This has happened over the past decade, as the youth unemployment rate increased across all regions, excluding developed economies. Youth are three times as likely as adults to be unemployed, and account for 40 percent of unemployment worldwide [International Labour Organization]. Those who have completed their education increasingly find a mismatch between their skills or aspirations and employers’ needs. These strains will intensify as the percentage of the population aged 15 to 24 will peak in the next 10 to 20 years.
In societies such as Egypt where graduates have customarily received government jobs, the public sector can no longer keep up with this demographic trend. Many entrants to the workforce now wait for employment, and those who have government jobs are often idle or unproductive. The private sector, too, is constrained. Typically in transition economies a small number of large firms dominate the economy while other firms struggle to grow. Youth disproportionately work in part-time jobs and the informal sector, where opportunities are limited. Thus, any effort to empower youth must address the fundamental challenge of job creation. This in turn means fostering the creation of new firms, growth of productive firms, and wider access to the formal economy.
Entrepreneurship promises to be the best solution to youth frustration. Continue reading ‘Rebellion or Reform? The Imperative to Engage Youth as Entrepreneurs and Citizens’ »
How will the current young generation change the way the world does business? What are the forces shaping this generation in emerging markets and how will they respond?
Add your comments or share your thoughts at firstname.lastname@example.org
Stay tuned for special blogs and stories this week. And tell us how you’re celebrating Youth Day (August 12, 2010)!
Here’s an article from the CIPE archives that places entrepreneurship in the larger context of the business environment:
There is much more to opening a business than having the right idea and being willing to take a risk. For entrepreneurial ideas to take place, the right environment needs to be put in place. It includes entrepreneurial training and development programs as well as government support and assistance programs, such as access to risk capital. More importantly, a business-friendly environment requires a sound legal and regulatory framework that rewards entrepreneurial initiatives, ensures fairness, protects and enforces private property rights, and promotes efficiency.
Download the CIPE Economic Reform Issue Paper:
Continue reading ‘“Entrepreneurship,” A Prosperity Paper’ »