Technology Aids Entrepreneurs in Middle Income Countries

"Entrepreneurs in middle income countries are beginning to catch-up to their counterparts in richer economies by tapping into technologies unavailable to them just a year ago, according to the seventh annual Global Entrepreneurship Monitor (GEM). Directed by Babson College and London Business School, the report is the largest annual measure of entrepreneurial activity worldwide, compiled by more than 150 scholars from 35 countries.

GEM 2005 also found that entrepreneurs with 'innovative' businesses drive higher growth rates of GDP per capita. Additionally, middle income countries tend to start more businesses than high income countries. Yet 'quantity' of start-ups does not necessarily translate into 'established' businesses..."

Read more in this Babson College press release.