|
|
|
|
by: World Bank
|
|
|
The 2010 World Bank Entrepreneurship Snapshots (WBGES) provide a
unique indicator of business creation around the world and facilitate
the investigation of the factors that foster dynamic private sector
growth. Now in its fourth year, the WBGES measure entrepreneurial
activity in 115 developing and industrial countries over the six year
period 2004-2009. Importantly, the data offer a distinctive and timely
snapshot of the impact of the 2008-2009 financial crisis on
entrepreneurial activity.
There is wide variation in new business creation across countries:
On average, about four new firms register every year for every 1,000
working age individuals in industrialized countries, while there is
less than one new firm registered in low and low middle income
countries. The data show that dynamic business creation occurs in
countries that provide entrepreneurs with good governance, a strong
legal and regulatory environment, and reduced red tape. The data also
show that nearly all countries experienced a sharp drop in business
entry during the crisis. However, industrialized countries experienced
the crisis more quickly and more severely than other income groups. In
addition, the degree to which the crisis impacted new firm creation is
correlated with measures of crisis severity. Finally, we find that
countries in which financial markets play a larger role in the domestic
economy experienced sharper declines in new business registrations as a
result of the crisis that paralyzed financial markets. These results
can guide effective policymaking and deliver new capabilities for
identifying the impact of reforms.
- Shipping Weight: 0.26 lbs (0.12 kgs)
Customers who bought this title also purchased...
|
|
Browse:
