Mason Monitors Entrepreneurship Globally

Posted: January 10, 2007 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

By Jocelyn Rappaport

The Global Entrepreneurship Monitor (GEM) assesses entrepreneurship activity throughout the world. Initially involving 10 countries when it was begun in 1999, GEM now conducts research in almost 50 countries.

George Mason’s School of Public Policy (SPP) and Babson College collaborated to produce the Global Entrepreneurship Monitor 2004–2005 Executive Report. This is one of the most in-depth studies of entrepreneurship in the U.S. economy.

SPP Professor Zoltan Acs, formerly research director for the Global Entrepreneurship Monitor, head of GEM Hungary and author of the 2004 global report, wrote two major sections of the executive report: “High-Potential Entrepreneurship in the United States” and “Policy Framework for an Entrepreneurial Economy.”

“Ever since the dot-com boom of the 1990s, I have been trying to figure out what is at the heart of America’s economic strength,” says Acs. “Other countries have rule of law, universities and democratic institutions. What other countries do not have is our strength in entrepreneurship. But the secret is out. Other countries are trying to learn the secrets of entrepreneurship, and the GEM is the only research project that has its fingers on the entrepreneurial heartbeat of the world. It is the largest and most important think tank on the subject.”

Acs explains that one of GEM’s strengths is its ability to provide timely comparable data on entrepreneurial activity across countries. Along with collecting data, GEM documents behavior of potential entrepreneurs, as well as information on the entrepreneurial process and its many phases.

Acs will make a presentation at the first GEM Forum, which is being held today and tomorrow in London.

This article originally appeared in a slightly different form in SPP Currents.

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