The Global Entrepreneurship Monitor (GEM) report is a comprehensive annual assessment of global entrepreneurship activities and attitudes towards entrepreneurship. It provides valuable insights into the entrepreneurial ecosystem and trends across different countries, facilitating research and policy development to foster entrepreneurship worldwide.
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The Global Entrepreneurship Monitor (GEM) report is an influential and comprehensive annual assessment that provides a deep analysis of global entrepreneurship activities and attitudes towards entrepreneurship. It plays an essential role in understanding and monitoring the state of entrepreneurship on a global scale, offering valuable insights into the entrepreneurial ecosystem and trends across different countries.
The GEM report is a collaborative effort undertaken by a network of researchers, academics, and institutions from more than 100 economies worldwide. Its objective is to advance knowledge about entrepreneurship and its impact on economic growth, job creation, and innovation. This strategic approach enables policymakers, researchers, and practitioners to make informed decisions and develop effective policies and programs to foster entrepreneurship and support entrepreneurial development.
Interesting facts about the Global Entrepreneurship Monitor (GEM) report:
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The GEM report has been published annually since 1999, making it one of the longest-running and most prestigious studies in the field of entrepreneurship.
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The report analyzes a wide range of dimensions related to entrepreneurship, including levels of opportunity perception, startup activities, innovation, intention to start businesses, and gender participation, to name a few.
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Each year, the GEM report focuses on a specific theme or area of entrepreneurship, providing in-depth analysis and insights. For example, past themes have included global youth entrepreneurship, social entrepreneurship, and female entrepreneurship.
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One of the key contributions of the GEM report is its measurement of Total Entrepreneurial Activity (TEA), which captures both nascent and established entrepreneurs. This indicator allows for comparisons of entrepreneurial activity levels between countries and regions.
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The GEM report highlights the importance of an entrepreneurial mindset and culture within societies. It explores the factors that influence entrepreneurial attitudes, aspirations, and motivations, helping policymakers identify areas for intervention and support.
A famous quote on entrepreneurship by Richard Branson, the founder of Virgin Group, resonates with the essence of the GEM report: “Entrepreneurship is about turning what excites you in life into capital so that you can do more of it and move forward with it.” This quote emphasizes the significance of understanding the entrepreneurial ecosystem and fostering an environment that allows individuals to pursue their passions and create value.
Table: An example of a comparative analysis of Total Entrepreneurial Activity (TEA) among selected countries in 2020.
| Country | TEA Rate (%) | Early-Stage Entrepreneurship Rate (%) | Established Business Ownership Rate (%) |
|---|---|---|---|
| United States | 14.3 | 9.4 | 4.9 |
| China | 25.1 | 20.8 | 4.3 |
| Germany | 8.0 | 4.1 | 3.9 |
| Brazil | 18.3 | 14.2 | 4.1 |
| South Africa | 9.3 | 7.7 | 1.6 |
Note: The data in the table is for illustrative purposes only and does not represent actual GEM report figures.
In conclusion, the Global Entrepreneurship Monitor (GEM) report is a vital resource that provides a comprehensive view of global entrepreneurship. Its detailed assessments, insights, and comparative analyses across countries empower stakeholders to understand the dynamics of entrepreneurship, drive policy development, and foster an environment conducive to entrepreneurial growth.
Answer in the video
In this section of the presentation on the Global Entrepreneurship Monitor (GEM) report for Belarus, the key findings and challenges related to entrepreneurship in the country are highlighted. The report indicates that while there is potential for business sustainability and a positive perception of entrepreneurship as a career choice, there are significant gaps and barriers to be addressed. These include limited access to finance, lack of entrepreneurial education, complicated legislation, extensive public control, bureaucratic hurdles, and cultural and social norms that hinder trust and fear of failure. The report emphasizes the need for tangible changes and a cultural shift to create a more supportive business environment in Belarus.
Further answers can be found here
GEM is the only global research source that collects data on entrepreneurship directly from individual entrepreneurs! GEM’s Adult Population Survey (APS) provides analysis on the characteristics, motivations and ambitions of individuals starting businesses, as well as social attitudes towards entrepreneurship.
The Global Entrepreneurship Monitor (GEM) research project is an annual assessment of the national level of entrepreneurial activity in multiple, diverse countries. Over the past 24, some 115 National Country Teams have taken part in the research project. In 2023, there are over 50 GEM National Country Teams. [1]
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The annual GEM Report is based on multiple sources of data, which enables it to provide a macro view of education issues. Through multiple communication channels, it reaches all regions of the world.