Abstract:
Entrepreneurship is impacted by factors like growth and development of a
country, education, culture and government policies. The entrepreneurship
ecosystem has been recognised as a reaction and its’ development is imperative
for the growth of entrepreneur friendly environment in a country.
Entrepreneurship ecosystem as a stream of research is relatively young. The study
aims at bringing out a comparative analysis between the low and Middle-Income
countries and High-Income countries using rank correlation analysis and
highlighting the major areas of difference which if focussed on can help in
creating an environment favourable for the establishment and functioning of
entrepreneurial ventures. The data collected for fifty countries from the Global
Entrepreneurship Monitor Report 2019-20 reveals that there is a need for Low
and Middle-Income countries to identify the relevance of the current government
policies and if they are actually fulfilling the objectives that they were formulated
for, to focus more on providing entrepreneurial education at school and post
school age. Internal market dynamics need more focus in High Income countries.
Entrepreneurial finance and culture have been seen as well developed and that is
positively reflected in the activity level of the entrepreneurs as they get their due
recognition in the society and are able to have easy access to finance for their
entrepreneurial activity.
Description:
Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini
