‘Policymakers are desperate to promote enterprise. A new index could help’ says Schumpeter in a piece on the Economist website, which ends with, amongst other things, a plea to British policymakers to address the country’s weakness in venture capital. What supports this opinion? A new index called the Global Entrepreneurship and Development Index, which will be unveiled on March 1st, focuses on high-growth companies. It tries to measure the ambition of entrepreneurs as well as the prevalence of start-ups.
‘High-growth start-ups are the best generators of new jobs. They are also the firms most likely to raise productivity, a basis for economic growth. They create jobs that did not previously exist and solve problems that people assumed were part of the natural order of things.’
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