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Entrepreneurship in Africa through the eyes of GEDI

Acs, Zoltan J., Szerb, László and Jackson, Scott (2013) Entrepreneurship in Africa through the eyes of GEDI. International Journal of Entrepreneurship and Innovation, 14 (4). pp. 219-233. ISSN 1465-7503

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Identification Number: 10.5367/ijei.2013.0125


Since the 1990s several new indices, including the Index of Economic Freedom, Doing Business and the Global Competitiveness Index, have been created to achieve progress in modernizing the business climates of developed and developing countries alike. These indicators, however, are focused largely on ameliorating burdens for current business, addressing issues with property rights, processes, etc. While necessary in the public effort to improve economic incentives and create employment, they remain insufficient to foster the economic essence of development: entrepreneurship. Entrepreneurship and entrepreneurship policy are not merely about small business, or even at times about business at all; rather, they are about creating environments in which people are able to perceive entrepreneurial opportunities to improve their lives and in which they are empowered to act on their visions. While much has been written about the Global Entrepreneurship Monitor (GEM) and increasingly about the Global Entrepreneurship and Development Index (GEDI), this paper represents the first attempt to examine private enterprise development in Africa.

Item Type: Article
Official URL:
Additional Information: © 2013 The Authors
Divisions: Management
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: M - Business Administration and Business Economics; Marketing; Accounting > M2 - Business Economics
Date Deposited: 09 Apr 2014 09:49
Last Modified: 16 May 2024 01:44
Projects: K 81527
Funders: OTKA Research Foundation

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