Uruguay, Peru and Chile have the highest concentration of business ventures launched after identifying new opportunities in Latin America and the Caribbean, the 2014 Global Entrepreneurship Monitor, or GEM, report said.
"Start-ups in those countries come from entrepreneurs who identify a new market opportunity and they do it willingly, and not just because they cannot find another job," Isabelle Chaquiriand, who oversaw the study in Uruguay, said.
Uruguay and Peru spawn five "opportunity-driven start-ups" for every "necessity-driven start-up," while the ratio is 4.6:1 in Chile.
The indicator, which is also related to the ability to create jobs, ranked Uruguay and Chile as the top countries in the region, with "the highest expectation for job creation through entrepreneurship initiatives."
At the same time, Argentina, Colombia and Uruguay show the widest generational gap in entrepreneurship, while Brazil came out on top with perfect parity between the sexes on this score.
GEM has been surveying entrepreneurial activity around the world for 17 years and the 2014 report covers 73 countries with support from the Inter-American Development Bank's Multilateral Investments Fund.
The University of Montevideo Business School presented the global monitoring results pertaining to Latin America in Uruguay. EFE
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