The Global Entrepreneurship Monitor (GEM) 2011 Global Report finds an upsurge in entrepreneurship around the world - entrepreneurs are now numbering near 400 million in 54 countries - with millions of new hires and job creation expectations in the coming years.
The 13th annual survey of early-stage entrepreneurship worldwide, launched today at the Global Entrepreneurship Monitor 2012 Annual Meeting in San Francisco, is the largest single study of its kind. The GEM Global Report is authored by Professor Donna Kelley, Babson College, Professor Slavica Singer, J.J. Strossmayer University in Croatia, and Dr. Professor Mike Herrington, Executive Director of the Global Entrepreneurship Monitor and Director of the Centre for Innovation and Entrepreneurship at the University of Cape Town, South Africa.
“Thanks to an uptick in entrepreneurship worldwide, we now have nearly 400 million entrepreneurs starting and running businesses in the 54 economies surveyed,” said the report’s lead author, Donna Kelley, Associate Professor of Entrepreneurship at Babson. “Even better news is that over 140 million of these entrepreneurs expect to add at least five new jobs over the next five years. These figures and growth projections affirm that entrepreneurial activity is flourishing across the globe and that entrepreneurship, as an economic engine, is the best hope for reviving a weakened world economy,” she said.
