Encouraging EntrepreneursPosted: January 18, 2006
Source: “A Chinese Welcome for Entrepreneurs” – Business Week.
The article examines how China is beginning to warm up to entrepreneurs by offering a conducive environment and economical incentives. The focus is on returning Chinese citizens who are the main driving force behind the 25 million small independent companies in China. This number is growing at an exciting 15% annually. To a certain extent, this description also applies to India (post 1990). Not only are returning expatriates a significant force, those still abroad play a significant role by funding ventures back in their land of origin through friends and existing social networks. The article also warns against a copycat culture which is also prevalent in India.
I think the strength of any nation in this century will be it’s ability to redefine itself and realign its strengths to global changes. Rapid shifts in dynamics and flow will ensure that.