In a study just released, and brought to my attention via M Booth And Associates in New York City, there is clear evidence of the impact of this recession on the world entrepreneur community.
The Organisation for Economic Co-operation and Development (OECD) wrote that;"Our research shows that new and young firms have been the primary source of new jobs in the United States over the past three decades," said Robert Litan, vice president of Research & Policy at the Ewing Marion Kauffman Foundation, which funded the study. "While business exits are a normal part of a healthy entrepreneurial ecosystem, this study shows a concurrent increase in exits and decrease in formation throughout OECD countries as a whole. This should send a giant red flag to policymakers around the globe to pull out all the stops to encourage and support business startups so we can create new jobs and sustain a worldwide economic recovery."
By the way, it's Global Entrepreneurship Week.
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