Ateneo Professor on Entrepreneurship
August 29, 2013
I made a new research; this time on government entrepreneurship. This article has been inspired by my reading on Larry Farrell. He is the expert on international entrepreneurship. He advises countries on promoting entrepreneurship as tool for economic development. He came over to the PHL for a lecture on Corporate Entrepreneurship at UAP and said I was his friend. (His wife isnt!) He gave me a authographed book - The New Entrepreneurial Age, which egged me to write do this research.
While some govt could be very friendly towards entrepreneurs, some are outrightly hostile and anti business. Europe has been pro labor and look at its economy now. But Taiwan under Li, the Minister of Economics said that government must honor entrepreneurs. That is also an extreme. That is why Taipei averaged 9% growth for the last 60 years and 5th largest reserves in the world.
Elsewhere in the world, even in the PHL, entrepreneurs are harassed by regulators. There is no need to give money or support to entrepreneurs; just leave them alone
Even in US businessman are wary of IRS, Obamacare and the precarious govt finance situation. In California, many readers are wary that the Hyperloop concept will not take off in California. California has been rated by The Executive Magazine as one of the worst place to do business in.
Here is the slideshare presentation
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