Mason News Nov. 26, 2012
By James Greif
The world is currently operating at 25 percent of its entrepreneurial capacity, according to the Global Entrepreneurship Barometer (GEBAR) released by Mason’s Center for Entrepreneurship and Public Policy (CEPP).
GEBAR was developed from an analysis of world economic data in the Global Entrepreneurship and Development Index and provides an annual global forecast for productive entrepreneurship. The barometer details the world’s status in fostering entrepreneurs that are innovative, create jobs, expand markets, export goods and spur economic growth.
“Our forecast shows that the world’s entrepreneurial weather is changing, moving from rainy to fairer weather,” says Zoltan Acs, professor of public policy and director of CEPP. “Twenty-five percent entrepreneurial capacity is significant given the gloomy outlook over the past few years.”
“Overall, it’s a positive development, yet if impediments such as restrictive policies and corruption are addressed, capacity could reach 45 percent by 2052. However, population changes alone by 2050 can reduce productive entrepreneurship by one percent a decade or more if left unchecked,” he adds.
In GEBAR, rainy and stormy weather indicates higher levels of unproductive entrepreneurship such as market manipulation and crime, which interfere with and undermine national economic growth and prosperity.
“In weak and corrupt institutional environments …
Additional questions and feedback on the Global Entrepreneurship site can be addressed to:
