While classified as a high-income country by the OECD, youth unemployment rates in Greece persist at around 60 percent. Despite gains in economic freedom, major fiscal weaknesses remain. With more people finding it acceptable to start a business, Greek entrepreneurs are taking their economic transformation into their own hands with networks well beyond their borders. Continue reading
Entrepreneurship evangelists often see their work in some parts of the world as a war on poverty. This week, President Barack Obama will visit Philippines’ President Benigno Aquino III as part of his Asian tour. While the Philippines is the second-best performing economy in Asia, growing at an average of 6 percent since 2012, poverty incidence affects more than 20 percent of its population. For President Aquino, now is the time to look beyond necessity-driven entrepreneurship and address his country’s challenges in helping high-growth firms start and scale. Continue reading
Media attention was on Rwanda last week as the country commemorated the 20th anniversary of the 1994 genocide. While the tragedy of human loss amounting to 800,000 people in just 100 days will never be forgotten, entrepreneurs are offering hope for a better future.
Instability within several former socialist economies prompted me to look at their developing entrepreneurial ecosystems and check in on whether the entrepreneurial mindset is emerging among new generations. Given that it stands at 54 in the ranking of 189 economies on the ease of doing business, Hungary seemed like a good place to start. Continue reading