From the the Special Issue of the Economist March l4, 2009, "Global Heroes"
These are some of the interesting events in the wide world of entrepreneurs:
> China and India continue to churn out millions of new entrepreneurs. So does Israel. India's increase in entrepreneurs was spawned by scientists and businessmen in the US who did a lot of BPO in India. In China, there is a phenomenon known as B2C (Back to China). Scientists and expatriates elsewhere in the world are encouraged to return to China and possibly start their own ventures there.Chinese leaders understand the need for managerial and intellectual capital, most of them having been destroyed in the Cultural Revolution. Not many Chinese know English. India and China has to contend with a lot of difficulties preventing a thousand flowers bloom beautifully. Politics, and favoritism especially among Communist Party members create distortions. But nevertheless, India and China churn out millions of entrepreneurs, and the wide world is feeling the effect.
>African nations are at the bottom of ease of doing business ranking: some of them Congo, Burundi, Chad, Niger,Central African Republic. Surprisingly, despite the BRIC phenomenon (Brazil, Russia, India, China), it is not easy to do business in Venenzuela (because of its leader?) It is easiest to do business in Singapore,New Zealand, USA, Hong Kong, Denmark, UK, etc in that order.
>Israel also cranks out huge number of entrepreneurs, and mostly high tech. These are need based: need to survive in the hostile war torn environment (hostile Arab neighbors), hence many are involved in high tech weapon inventions' and in agri technology (the need for food). It is surprising that the army draft in Israel has made it easier for entrepreneurs to connect to former comrades in arms.
>USA, as symbolized by the aircraft carrier USS Enterprise, is still the seat of entrepreneurship, according to the special issue, especially in the field of electronics and IT. The universities, the venture capitalists, angel investors, incubators, the enterprise clusters (eg the Silicon Valley), enable enterepreneurship to blossom in the US. (I am just wondering, how the efforts of these wonderful people could be laid to waste by warring legislators on the debt limit law)
>The bankruptcy laws and the prevailing attitudes on risk taking determines the rate of entrepreneurship. Germany will not have many entrepreneurs because if you have been bankrupt, you could not be a CEO. Japan now ranks low in entrepreneurship totem pole, because the bright and the best people flock to employment in corporate world. And so with Singapore. Where will the new flowers bloom?
"Every generation needs a revolution, an ENTREPRENEURIAL REVOLUTION."
These are some of the interesting events in the wide world of entrepreneurs:
> China and India continue to churn out millions of new entrepreneurs. So does Israel. India's increase in entrepreneurs was spawned by scientists and businessmen in the US who did a lot of BPO in India. In China, there is a phenomenon known as B2C (Back to China). Scientists and expatriates elsewhere in the world are encouraged to return to China and possibly start their own ventures there.Chinese leaders understand the need for managerial and intellectual capital, most of them having been destroyed in the Cultural Revolution. Not many Chinese know English. India and China has to contend with a lot of difficulties preventing a thousand flowers bloom beautifully. Politics, and favoritism especially among Communist Party members create distortions. But nevertheless, India and China churn out millions of entrepreneurs, and the wide world is feeling the effect.
>African nations are at the bottom of ease of doing business ranking: some of them Congo, Burundi, Chad, Niger,Central African Republic. Surprisingly, despite the BRIC phenomenon (Brazil, Russia, India, China), it is not easy to do business in Venenzuela (because of its leader?) It is easiest to do business in Singapore,New Zealand, USA, Hong Kong, Denmark, UK, etc in that order.
>Israel also cranks out huge number of entrepreneurs, and mostly high tech. These are need based: need to survive in the hostile war torn environment (hostile Arab neighbors), hence many are involved in high tech weapon inventions' and in agri technology (the need for food). It is surprising that the army draft in Israel has made it easier for entrepreneurs to connect to former comrades in arms.
>USA, as symbolized by the aircraft carrier USS Enterprise, is still the seat of entrepreneurship, according to the special issue, especially in the field of electronics and IT. The universities, the venture capitalists, angel investors, incubators, the enterprise clusters (eg the Silicon Valley), enable enterepreneurship to blossom in the US. (I am just wondering, how the efforts of these wonderful people could be laid to waste by warring legislators on the debt limit law)
>The bankruptcy laws and the prevailing attitudes on risk taking determines the rate of entrepreneurship. Germany will not have many entrepreneurs because if you have been bankrupt, you could not be a CEO. Japan now ranks low in entrepreneurship totem pole, because the bright and the best people flock to employment in corporate world. And so with Singapore. Where will the new flowers bloom?
"Every generation needs a revolution, an ENTREPRENEURIAL REVOLUTION."
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