Portal de Periódicos da CAPES

The Entrepreneurial Ecosystem

2018; Springer International Publishing; Linguagem: Inglês

10.1007/978-3-030-03279-1_1

2191-5512

Zoltán J. Ács, László Szerb, Esteban Lafuente, Ainsley Lloyd,

Innovation and Socioeconomic Development

When the unemployment rate in the United States was 10% during the great recession, it was considered a catastrophe. However, the unemployment rate in most MENA countries is close to 30% and even higher in some other countries. This is a disaster for many parts of the world. It leads to desperation and violence as millions of youth struggle to survive. The world needs to create a billion jobs in the very near future to create global peace and prosperity. Entrepreneurship creates jobs and generates economic growth—the underpinning of a stable and civil society. But before we get into how this works, we need to discuss what kind of entrepreneurship we are talking about. Who is an entrepreneur? We are not talking about the basket weaver solo entrepreneur; we are not talking about rural microcredit. We are talking about Silicon Valley, Bill Gates, Sam Walton, FedEx, and Starbucks.