Monday, May 09, 2011

Global Entrepreneurship: Born Out of Necessity?

Wavebreak Media/Thinkstock
What really drives economic growth?  Many think its entrepreneurship and that entrepreneurship the world over is oftentimes driven by necessity.

But according to the Global Entrepreneurship Monitor:
... economic growth is not driven by these “necessity” entrepreneurs, who decrease in number as the economy develops. The key to fostering growth is to support “opportunity” entrepreneurs, who choose to start new enterprises in response to market needs.
Read this intriguing article, "Does Entrepreneurship Drive Economic Growth? - Megacities - Opportunities at Urban Edges" published by Forbes.

Related piece:  "Do Entrepreneurs in the Developing World Fuel Economic Growth?"

1 comment:

James Wallace said...

Laurel, this is a really fascinating article! Thank you!