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Entrepreneurship: Young Leaders and Economic Growth

Entrepreneurship: Young Leaders and Economic Growth. Dr. John D. Sullivan Executive Director Center for International Private Enterprise. An Affiliate of the U.S. Chamber of Commerce. Entrepreneurship. Key Elements of Entrepreneurship.

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Entrepreneurship: Young Leaders and Economic Growth

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  1. Entrepreneurship: Young Leaders and Economic Growth Dr. John D. Sullivan Executive Director Center for International Private Enterprise An Affiliate of the U.S. Chamber of Commerce

  2. Entrepreneurship

  3. Key Elements of Entrepreneurship • Establish a market-oriented policy environment based on sound legal and regulatory structures • Entrepreneurial training and development programs • Government support and assistance programs, such as access to risk capital for new and small business

  4. The Entrepreneurial Instinct

  5. The biggest problem in the Arab world is lack of deal flow Hani TawfiqChairman, Arab Private Equity Union • There is no shortage of capital, there is a shortage of doable deals • Richard King Mellon • American Financier

  6. Hernando de Soto & the Informal Economy • What is the extra-legal/informal economy? • The importance of sizing it up and figuring out what to do about it. • Communication: inclusion instead of exclusion

  7. The idea of development is figuring out how to move from personal exchange (on the level of family and individuals) to impersonal contracts with individuals whom you never meet or know – Douglass North

  8. Functioning Markets Better Environment for Doing Business Property Rights Good Governance Market Entry Rule of Law Access to Information

  9. Doing Business Indicators

  10. Understanding the Indicators Starting a business Getting credit Protecting investors Dealing with Licenses Access to finance Registering property Enforcing contracts Trading accross borders Employing workers Paying taxes Business Enabling Environment (BEE) Areas Juridical system Closing a business Doing Business indicators have relevant links to private sector development

  11. Progress in Doing Business in Syria Overall ranking of Syria on ease of doing business is 137 among 181 countries Change in 47 points shows significant improvement and potential for Syria BEE areas Access to finance Juridical system Source: Doing Business database, IFC- World Bank Group

  12. Business entry reforms = more businesses Business Density (registered firms per capita) Business Entry (new firms in % of registered firms) Most difficult Most difficult Easiest Easiest Countries ranked by ease of doing business, quintiles Source: Doing Business database, IFC- World Bank Group

  13. …Which Means More Formal Employment Informal Sector (% of GDP) Unemployment (% of labor force) Most difficult Most difficult Easiest Easiest Countries ranked by ease of doing business, quintiles Source: Doing Business database, IFC- World Bank Group

  14. To learn more about Doing Business in your region… http://arabic.doingbusiness.org

  15. Useful CIPE Resources http://www.cipe.org CIPE Arabia (Arabic) http://www.cipe-arabia.org Websites: Efham – Youth Entrepreneurship site in Arabic http://www.efham.net Prosperity Papers Series: Entrepreneurship Available in English & Arabic CIPE Development Institute : Entrepreneurship and Innovation http://developmentinstitute.org Publications:

  16. Additional Relevant Websites Summary & Details of Key Doing Business Indicators for Syria: English- http://www.doingbusiness.org/ExploreEconomies/?economyid=183 عربي- http://arabic.doingbusiness.org/ExploreEconomies/default.aspx?economyid=183 Doing Business in the Arab World, 2009 (English only): http://www.doingbusiness.org/features/ArabWorld2009.aspx Doing Business, 2009 World Report (English only): http://www.doingbusiness.org/documents/Press_Releases_09/DB09_Overview.pdf Arab Monetary Fund (صندوق النقد العربي): English- http://www.amf.org.ae/pages/page.aspx عربي- http://www.amf.org.ae/pages/page.aspx?type=8

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