The Entrepreneurial Ecosystem

Zoltan Acs, László Szerb, Esteban Lafuente and Ainsley Lloyd
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Ainsley Lloyd: The Global Entrepreneurship and Development Institute

Chapter Chapter 1 in Global Entrepreneurship and Development Index 2018, 2018, pp 1-9 from Springer

Abstract: Abstract When the unemployment rate in the United States was 10% during the great recession, it was considered a catastrophe. However, the unemployment rate in most MENA countries is close to 30% and even higher in some other countries. This is a disaster for many parts of the world. It leads to desperation and violence as millions of youth struggle to survive. The world needs to create a billion jobs in the very near future to create global peace and prosperity. Entrepreneurship creates jobs and generates economic growth—the underpinning of a stable and civil society. But before we get into how this works, we need to discuss what kind of entrepreneurship we are talking about. Who is an entrepreneur? We are not talking about the basket weaver solo entrepreneur; we are not talking about rural microcredit. We are talking about Silicon Valley, Bill Gates, Sam Walton, FedEx, and Starbucks.

Keywords: Entrepreneurial Ecosystem; Youth Struggle; MENA Countries; High-impact Entrepreneurship; Routine Entrepreneurship (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-030-03279-1_1

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