The global crisis has heightened interest in entrepreneurship as an essential element to foster economic recovery and employment growth. Business start-up rates remain below pre-crisis levels - - particularly in the Eurozone - - indicating that entrepreneurs may continue to be suffering from restrictive lending conditions, according to new OECD data released in the latest issue of Entrepreneurship at a Glance.
The Organisation for Economic Cooperation and
Development (OECD), the Paris-based think-tank for 34 mainly developed countries
including Ireland, says diverging patterns of business startup rates have
emerged across OECD economies five years after the onset of the financial
crisis; startup rates remain below pre-crisis levels in most Eurozone economies
and particularly in Spain, but tentative signs of a stabilisation are emerging.
Australia and the United Kingdom are showing
tentative signs of a pick-up in startups but this is driven by an increase in
sole-proprietor self-employed businesses, which may reflect readjustment
strategies to unemployment.
The countries covered in Entrepreneurship at a Glance include Australia, Austria, Belgium, Brazil, Bulgaria, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Hungary, Israel, Italy, Japan, Korea, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Portugal, Romania, the Russian Federation, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.
For data on Ireland, see here or 'Related' below.
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