[INFOGRAPHIC] The Growth Of Entrepreneurship Around The Globe
In today’s complex economic environment, entrepreneurship and innovation have been key in establishing a new status quo that shies away from the Pareto efficiency model. As the famous economist Joseph Alois Schumpeter said: “Carrying out innovations is the only function which is fundamental in history.” Had he been alive today, Shumpeter would’ve witnessed his “entrepreneurship theories” come to life, as the landscape of today’s economy accommodates more startups and entrepreneurs and more VCs.
In the US alone, the number of on-campus entrepreneurship programs offered in universities has increased from 180 to 2000+ between 1990 and 2014. 27 million Americans are starting or running new businesses. It comes as no surprise that the US itself tops the Global Entrepreneurship Index (GEI) due to its attractive ecosystem, resources and infrastructure. On a global scale, top performing countries present in the same list include, Switzerland, Canada, Sweden, Denmark, Australia, UK & Ireland, Netherlands. The United Arab Emirates ranks 19th with an index of 58.8.
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Check out the infographic below to get a sense of more of the trends being seen in entrepreneurship around the globe.