By Simon Johnson
“Entrepreneurship Without Borders” is an MIT Sloan class, primarily designed for MBA students. The course looks at economic growth, financial crises, and the distribution of income through the details of entrepreneurship in various parts of the global economy. Below is a summary of class #1, from September 4, 2013. The full running order of classes is here; all readings are freely available, with the exception of Harvard Business School cases. The course consists of 12 sessions through mid-October, and summaries or other perspectives will appear regularly in this space.
Entrepreneurship is a broad and sometimes amorphous concept, particularly when we try to compare business conditions around the world. Who has a lot of entrepreneurs and what does that mean? Should policymakers always want more people to start their own firms? Who exactly is an entrepreneur and does using the same definition make sense in all places?
The Global Entrepreneurship Monitor (GEM) has done a great service by bringing clarity and some transparent data into this discussion. (The specifics below refer to their 2012 report.)
A particular strength is that GEM looks, through opinion surveys, at what the broader public believes about starting their own business – including whether they think there are opportunities, whether they have the right personal capabilities to be an entrepreneur, and whether they are afraid of failing. Continue reading “Entrepreneurship Around the World: An MIT Course”