AS per a new OECD Report, start-ups rates in most countries are slowly
bouncing back toward their pre-crisis levels, but not all countries have seen
significant acceleration in new businesses. Most would-be entrepreneurs see far
greater opportunities in the service sectors than in manufacturing. And women
are far less likely than men to open their own businesses.
These are
among the insights in the latest edition of Entrepreneurship at a Glance 2012,
which gives an overview of enterpreneurship in OECD countries. Using indicators
developed with the European Union’s statistical arm Eurostat, as well as those
from national statistics offices, the report explains how access to finance,
market conditions, regulatory frameworks and cultural perceptions can boost or
harm entrepreneurial activity.
New data on enterprise creations and
bankruptcies shows the major impact that the economic and financial crisis has
had on entrepreneurial activity. Start-up rates fell precipitously from mid-2008
in all OECD countries where data are available. Momentum slowed again in
early-2011 in most countries but has since shown tentative signs of a
pick-up.
France has shown the most spectacular increase in new businesses, due to
introduction of a simplified start-up procedure. Australia and the United
Kingdom have reported robust growth in business creation in late-2011 and Norway
has grown steadily, but the number of newly created enterprises remains below
its pre-crisis level in most countries surveyed, according to the
report.
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