The Global Entrepreneurship Monitor (Gem) - Executive Report Belgium and Flanders 2001

Posted: 24 Nov 2009

See all articles by Bart Clarysse

Bart Clarysse

Vlerick Business School

Sophie Manigart

Vlerick Business School; Ghent University

Hans Crijns

Vlerick Business School

Hilde F.G. Goossens

affiliation not provided to SSRN

Date Written: 2001

Abstract

The 2001 Global Entrepreneurship Monitor (GEM)findings for Belgium and Flanders suggest that, of the 29 countriesparticipating in the research, Belgium was the least entrepreneurial, and theregion of Flanders was even less entrepreneurial than Belgium on average.Predictions indicate slow economic growth in the future.Threeinvestigation methods are used in the GEM studies: an adult population survey;interviews with entrepreneurship experts in that country; and selected nationaland demographic data.The GEM model examines general framework conditionsfor economic growth and nine entrepreneurial framework conditions – financialsupport, government policy, government programs, education and training,research and development transfer, commercial and professional infrastructure,market openness, access to physical infrastructure and cultural and socialnorms. Some of the concerns about Belgium's lack of entrepreneurial initiativeinclude the social and cultural norms surrounding entrepreneurship as along-term drawback in the entrepreneurial process.Belgium's elaboratesocial security system, for instance, deters one from becoming self-employedrather than facilitating entrepreneurship initiatives. Belgium's educationalsystem does not currently stress creativity and social skills; which is whyopportunity recognition and opportunity shaping need to be prioritized. Inaddition, the heavy administration burdens and red tape an entrepreneur facesare further problems thwarting entrepreneurship. It is suggested thatgovernment programs and subsidies targeted toward small and/or startupcompanies should be easy to access. At the same time, the study shows that the financial environmentdeteriorated in 2001, and venture capital was less available than in 2000 (dueto the crash of the stock markets). Recommendations are made for governments toexplore ways to increase financing, especially for young, small, and/orhigh-tech companies. (CBS)

Keywords: Entrepreneurial activity, Cultural attitudes, Individual traits, Males, Age, Gender, Market infrastructures, Entrepreneurship education, Early stage financing, Economic growth, Females, Public policies, Startup rates, Regulations, Technology transfer, Venture capital

Suggested Citation

Clarysse, Bart and Manigart, Sophie and Crijns, Hans and Goossens, Hilde F.G., The Global Entrepreneurship Monitor (Gem) - Executive Report Belgium and Flanders 2001 (2001). University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship. Available at SSRN: https://ssrn.com/abstract=1509251

Bart Clarysse (Contact Author)

Vlerick Business School ( email )

Library
REEP 1
Gent, BE-9000
Belgium

Sophie Manigart

Vlerick Business School ( email )

Reep 1
Ghent, BE-9000
Belgium

Ghent University ( email )

Sint-Pietersplein 7
Gent, 9000
Belgium

Hans Crijns

Vlerick Business School ( email )

Library
REEP 1
Gent, BE-9000
Belgium

Hilde F.G. Goossens

affiliation not provided to SSRN

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