The number of people trying to start businesses with the potential to boost the economy and create new jobs declined 10 percent in the wealthiest nations during the recent global slowdown. These are the newly-released results of the Global Entrepreneurship Monitor (GEM).
The study of 54 countries is based on more than 180,000 detailed interviews with working age adults. The UK component of this global project, which is one of the largest national surveys, is directed by Professor Mark Hart (Economics and Strategy Group, Aston Business School).
GEM researchers have identified a number of factors needed to support entrepreneurship, including financial support, supportive government policies and programs, education and training, and supportive commercial, professional, physical infrastructures and social and cultural norms. Countries in different stages of development have different needs.