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Explore UNCTAD's EMPRETEC Programme and its impact on entrepreneurship and small and medium-sized enterprises (SMEs) in developing countries. Discover the challenges and opportunities faced by entrepreneurs and the role of youth in fostering entrepreneurship.
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Joint Inter-Governmental ConferenceParliamentary Assembly of the Mediterranean &United Nations Inter-Agency Cluster on Trade and Productive CapacityGeneva31 May 2013 Entrepreneurship and small and medium-sized enterprise development:UNCTAD’s EMPRETEC Programme Fiorina Mugione Officer-in-Charge Enterprise Development Branch
Entrepreneurship after the economic crisis: a global shift As a result of the two-speed recovery from the economic crisis, entrepreneurial dynamism has been shifting towards developing countries… Entrepreneurs positively evaluating current business opportunities, % 2012 Source: UNCTAD analysis based onGlobal Entrepreneurship Monitor reports 2007–2012
Entrepreneurship, the informal sector, and youth • …but a lot of this entrepreneurial activity still happens outside the formal sector. Globally, the informal sector is 35% of countries’ official GDP. • 1.8 billion youth aged 10–24 (113 million in PAM Member States & Associate Member States) • 73 million young people unemployed globally Size of informal sector (% of official GDP) Source: Schneider, Buehn and Montenegro (2010)
Policy support for enabling business environment 108 countries enacted 201 regulatory reforms in 2012 Source: UNCTAD analysis, based on World Bank, Doing Business 2013
The UNCTAD Entrepreneurship Policy Framework comprises six areas that have a direct impact on entrepreneurial activity www.unctad.org/epf
Examples of good practices from UNCTAD’s inventory (1) www.unctad.org/epf
www.empretec.net More than 300,000 empretecos have been trained globally, of which 30% are women In Jordan:
Personal entrepreneurial competencies Opportunity-seeking and initiative Entrepreneurs seek opportunities and take the initiative to transform them into business situations. Persistence When most people tend to abandon an activity, successful entrepreneurs stick with it. Fulfilling of commitments Entrepreneurs keep their promises, no matter how great the personal sacrifice. Demand for quality and efficiency Entrepreneurs try to do something better, faster or cheaper. Calculated risk-taking Taking calculated risks is one of the primary concepts in entrepreneurship. Goal-setting This is the most important competency because none of the rest will function without it. Entrepreneurs set goals and objectives which are meaningful and challenging. Information-seeking Entrepreneurs gather information about their clients, suppliers, technology and opportunities. Systematic planning and monitoring Systematic behaviour means acting in a logical way. Planning is deciding what to do. Monitoring means checking. Persuasion and networking Entrepreneurs influence other people to follow them or do something for them. Independence and self-confidence Entrepreneurs have a quiet self-assurance in their capability or potential to do something.
