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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

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

key elements of entrepreneurship
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
slide5

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
hernando de soto the informal economy
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
slide7

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

slide8

Functioning Markets

Better Environment for Doing Business

Property

Rights

Good Governance

Market

Entry

Rule of

Law

Access to Information

understanding the indicators
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

progress in doing business in syria
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

business entry reforms more businesses
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

which means more formal employment
…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

useful cipe resources
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:

additional relevant websites
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