“Today’s smart entrepreneurs start global” -The Economist
Yes even the conservative Economist is recognising the much lies in the hands of Entrepreneurs, and even goes so far as to mention some social entrepreneurs while they are at it. According to the article Entrepreneurialism has Become Cool, the outlook has changed. “Today entrepreneurship is very much part of economics. Economists have realised that, in a knowledge-based economy, entrepreneurs play a central role in creating new companies, commercialising new ideas and, just as importantly, engaging in sustained experiments in what works and what does not. William Baumol has put entrepreneurs at the centre of his theory of growth. Paul Romer, of Stanford University, argues that “economic growth occurs whenever people take resources and rearrange them in ways that are more valuable…[It] springs from better recipes, not just more cooking.” Edmund Phelps, a Nobel prize-winner, argues that attitudes to entrepreneurship have a big impact on economic growth.”
Sweden’s Dagens Industri, states that creative start ups are on the rise and the economy falls. “What is now perceived as a crisis, perhaps many people in three or four years will think back on that it was the best thing that happened to them,” says Ashkan Pouya, MBA and entrepreneur.
Combining this energy to support the entrepreneurial spirit, the hopes are high on a new global economy rising like a phoenix from the ashes.