ICSB Global Entrepreneurship Seminar
in accordance with President Obama's Summit on Entrepreneurship
hosted at
The George Washington University School of Business
When: April 29th – 2:30 - 5:00 p.m.
Where: 2201 G. Street NW, Duques Hall Suite 650, Washington D.C. (3 blocks from IFC building)
Topic: National Factors Affecting Business Creation: A Global Assessment
Moderated by: Dr. Ayman El Tarabishy, Executive Director for ICSB
Presenters: Drs. Paul Reynolds, Erik Winslow, George Solomon, Amr Gohar, Lois Stevenson
New business creation is intimately associated with economic growth and adaptation
and a major career option for many. Ten years after inception, the Global Entrepreneurship Monitor [GEM] initiative has provided harmonized estimates of the prevalence of participation in the business creation process for 76 countries. The countries covered by the GEM initiative represent all major regions of the world: Eastern, Central and Western Europe, North America and Oceana, South America, developed and developing countries of Asia, Africa, and the Middle East and North Africa.
In addition to detailed analysis of individuals active in business creation, it is now possible to consider the impact of country characteristics on cross-national differences in participation in the entrepreneurial process. The major national features considered in the analysis include measures of annual income (GDP per capita), recent growth in annual income, the age structure of the population, educational attainment among the adult population, the labor force participation by men and women, income equality, the origin of legal traditions, the ease of registering new firms, and traditional versus secular-rational and survival versus self-expression values. The resulting model is able to account for 88% of the variation in participation in business creation. There are numerous implications for national policies for promoting business creation.
Address: 2201 G. Street NW, Washington D.C. (3 blocks from IFC building)
A number of non U.S. Government organizations will be hosting a wide range of interesting events in the two days following the Summit, i.e. Wednesday, April 28 and Thursday, April 29. A list of all the events scheduled for these two days is on alumni.state.gov. In addition, the hosts of these non-government sponsored events would like to invite you directly and have asked for your contact information. If you would prefer that your email contact information NOT be provided to any outside organization, please so indicate by emailing globalengagement@state.gov.
About the Presidential Summit
In his June "A New Beginning" speechin Cairo, President Obama announced that the U.S. will host a Summit on Entrepreneurship to identify how we can deepen ties between business leaders, foundations, and social entrepreneurs in the United States and Muslim communities around the world. The Presidential Summit on Entrepreneurship, which will be held in Washington, DC over two days later this spring, follows through on President Obama’s commitment. It represents an opportunity to highlight and support business and social entrepreneurship in Muslim-majority countries (MMCs), including their minority populations, and Muslim communities around the world.
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