Elgar original reference
Chapter 1: Introduction to the 2013 Global Entrepreneurship and Development Index
This is the third edition of the Global Entrepreneurship and Development Index (GEDI). The GEDI mission is to provide a detailed look into the entrepreneurial character of nations. This composite index, which includes both individual-and country-level institutional data, gives policymakers a tool that helps them understand the entrepreneurial strengths and weaknesses of their countries’ economies, and thereby enables them to implement policies that foster productive entrepreneurship. The world economy has started, slowly, to recover from the great recession. But perils prevail. Whereas some parts of the world have weathered the ‘great recession’ and returned to growth, others continue to struggle with massive debt and lackluster growth. Entrepreneurship plays an important role in both dynamics. In countries such as China, entrepreneurs can help reduce economic dependency on infrastructural investment by catalyzing consumer demand. In countries still suffering the consequences of financial excess, entrepreneurs are having a more difficult time in turning the economy around, as uncertainty saps business confidence. For example, in Greece, all measures of entrepreneurship are down. The GEDI has been designed to help governments figure out how they can harness the power of entrepreneurship to address both challenges.