The 42 countries represented at the event included China and several former Soviet-bloc nations - places where starting a private business was illegal not so long ago. In other countries, the weakening of traditional business structures, such as Korean chaebol, have created opportunities for smaller players. Tax and regulatory reform, the lowering of protectionist barriers, technological advances and the rise of the Internet, all have made it easier — though certainly not easy - to create and build a business.Ernst & Young started the competition in the U.S. in 1986 and expanded it worldwide 10 years ago.
Read more here about how entrepreneurship goes global.
And don't forget about the World Entrepreneurship Forum (full disclosure: I am a member) which is the first international think-tank devoted to global entrepreneurship.
Posted by: The Global Small Business Blog