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Mapping the Global Entrepreneurial Ecosystem

In: Global Entrepreneurship and Development Index 2017

Author

Listed:
  • Zoltan J. Acs

    (George Mason University)

  • László Szerb

    (University of Pécs)

  • Ainsley Lloyd

    (Global Entrepreneurship and Development Institute)

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.

Suggested Citation

  • Zoltan J. Acs & László Szerb & Ainsley Lloyd, 2017. "Mapping the Global Entrepreneurial Ecosystem," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2017, chapter 0, pages 1-10, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-65903-9_1
    DOI: 10.1007/978-3-319-65903-9_1
    as

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