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Unformatted text preview: INTERNATIONAL ECONOMY Middle income nations foster more start-ups. By JONATHAN MOULES 481 words 12 January 2006 Financial Times Asia Ed1 Page 8 English (c) 2006 The Financial Times Limited. All rights reserved Entrepreneurs in countries with middle per capita income are closing the gap on their counterparts in richer countries by tapping into technologies unavailable to them just a year ago, according to an international study of start-up activity. The Global Entrepreneurship Monitor, the largest annual measure of start-up activity, found that higher percentages of people start businesses in middle income countries, such as Thailand and Brazil, than rich nations, such as Spain and Japan. Venezuela, where a quarter of the population is involved in start-ups, had the highest level of early-stage entrepreneurial activity, followed by Thailand on 20.7 per cent and New Zealand at 17.6 per cent. entrepreneurial activity, followed by Thailand on 20....
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This note was uploaded on 02/19/2009 for the course NBA 5930 taught by Professor Goldman,melvin during the Spring '07 term at Cornell.
- Spring '07