While we in the West continue to be anxious about the pace of the economic recovery, from China, India and Indonesia all the way to Sub-Saharan Africa, the excitement of a new generation — no longer hamstrung by the economic, technological and personal limitations of their parents’ generation — is palpable.
Masked underneath all the talk about the global financial crisis, an even bigger phenomenon is at play, one that in due course will overpower the memory of the current crisis. That phenomenon is the true unleashing of the global entrepreneurial capabilities of the bottom half — or, rather, two-thirds — of humanity. It is boom time in “Global Entrepreneurland.”
As a result, a great reversal, or rather rebalancing, is underway. While Westerners are in for more uncertainty, people in the developing world who have lived with significant uncertainty for many decades, if not centuries, now find them selves moving in the opposite direction.
To read the full, original article click on this link: Global entrepreneurship: Crisis? What crisis? | The Jakarta Post
Author: Carl Schramm
