INCBIZNET PR WIRE
More PR Wire | Send Your Press Releases
INCBIZNET BLOG
More Blogs | Feature Your Blog
 |
|
|
|
|
||
Sponsored Sections
Wealth, Poverty Driving Entrepreneurship
A global study finds business startups decline as weaker economies develop.
Published January 18, 2008
EMAIL THIS ARTICLE
PRINTER FRIENDLY
COMMENT ON THIS ARTICLE
BUY A REPRINTBoth wealth and poverty appear to be drivers of entrepreneurial activity around the world, a recent global study shows.
In a country-by-country comparison, researchers found the number of business startups were highest in both high- and low-income regions, according to the ninth annual Global Entrepreneurship Monitor. By contrast, entrepreneurial activity tended to decline in middle-income countries where jobs were more plentiful.
While early-stage ventures in wealthy countries tended to be opportunity-driven, those in poorer countries were more likely to be launched out of necessity, researchers found.
"For lower income countries, a decline in the rate of early-stage activity may reflect economic progress and more job opportunities," Niels Bosma, an Utrecht University researcher, said in a statement.
« Get more advice every month. Click here to subscribe to Inc. magazine!
