The Role of the Global Entrepreneurship Monitor in Promoting Entrepreneurship in Africa
Posted: 7 Jun 2016 Last revised: 29 Jun 2016
Date Written: June 5, 2016
The Global Entrepreneurship Monitor (GEM) is a worldwide coordinated data collection effort that provides insights on several individual attributes (perception of opportunities, perception of own capabilities to act entrepreneurially, fear of failure and entrepreneurial intentions), which, within a specific context can lead to entrepreneurship activities in a specific country. The GEM is able to provide high quality information, comprehensive reports and interesting stories, which greatly enhance the understanding of the entrepreneurial phenomenon. In each country, GEM looks at the entrepreneurial behaviour and attitudes of individuals and the national context and how that impacts entrepreneurship. The information therefore gained, carefully analysed by national GEM researchers, allows a deep understanding of the environment for entrepreneurship and provides valuable insights. In Africa where there is a lack of high quality information, the use of GEM is worthwhile. This paper attempts to provide insights on the GEM and how it can assist policy makers to promote entrepreneurship in their respective countries.
Keywords: GEM, Africa, Development
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