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Entrepreneurship and the Future of Global Prosperity

In: Global Entrepreneurship and Development Index 2017

Author

Listed:
  • Zoltan J. Acs

    (George Mason University)

  • László Szerb

    (University of Pécs)

  • Ainsley Lloyd

    (Global Entrepreneurship and Development Institute)

Abstract

While a focus on the entrepreneurial ecosystem may seem a novel approach to development, it is consistent with and even complementary to older, more traditional development strategies. As developing economies move from centralized to market economies, enterprise and entrepreneurship become increasingly important. “The emerging world, long a source of cheap labor, now rivals developed countries for business innovation. Developing countries are becoming hotbeds of business innovation in much the same way as Japan did from the 1950s onwards.”

Suggested Citation

  • Zoltan J. Acs & László Szerb & Ainsley Lloyd, 2017. "Entrepreneurship and the Future of Global Prosperity," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2017, chapter 0, pages 11-27, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-65903-9_2
    DOI: 10.1007/978-3-319-65903-9_2
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