This paper outlines the impact of the global economic crisis on Africa. Recovery requires coordinated and consistent efforts to assist individual countries in mitigating (reducing) the risk, coping with the impact, and reducing risk over the longer term. Care should be exercised to maintain and...

Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunity-motivated entrepreneurship (as opposed to...

The success of new start-up firms often depends on timing. It is valuable for the potential entrepreneur to wait for the right moment before starting a new firm. In this paper we provide a theoretical model to determine the optimal time for starting a new firm. We integrate insights from the...

In this paper I empirically investigate the early international entrepreneurship of indigenous Chinese firms using data on 3,948 firms surveyed by the World Bank in 2002-03. I find important differences in the extent and motivation of early internationalization between indigenous and...

Following the US subprime mortgage crisis of 2007.2008, the world is now staggering from financial to economic crisis as many high.income economies are officially in recession. Now, having decimated Wall Street and then crippled Main Street, the financial crisis seems like a hurricane about to...

Globally, wealth is very unequally distributed, both within countries and between countries. The UNUWIDER project on Personal Assets from a Global Perspective has found for instance that the richest 10 percent of adults in the world own 85 percent of global household wealth. Of these...

We use data on 3,948 Chinese firms obtained from the World Bank.s Investment Climate Private Enterprise Survey to investigate early international entrepreneurship (international new ventures) in China. The extent of early international entrepreneurship in China is significant: 65 per cent of the...

One year into the global economic crisis, it has become clear that the paradigm for international development has changed irrevocably. With leadership, moral authority and the capacity of the West in international development diminishing, developing countries. recovery and future growth will...

In the run.up to the Group of 20 (G.20) Summit that was held in London on 2 April 2009, many institutions (including governments, development organizations, NGOs and academics) identified issues and made recommendations for consideration. In this article I examine a selection of these...

Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the$