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Published

Unleashing entrepreneurship, …

Unleashing entrepreneurship,
Do you think poverty is the only solution to alleviate poverty in developing countries.??

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  • 1. U NLEASHING E NTREPRENEURSHIP Making the business work for the poor SEPT, Leipzig,2011 Presented by: J ason J oel S upreet G ill B oru D.Roba
  • 2. Focus of the UN Report
    • “ How can the potential of the private sector and entrepreneurship be unleashed in developing countries? And how can the existing private sector be engaged in meeting the challenge?”
  • 3. Deep poverty remains intractable
  • 4. The Millennium Development Goals
  • 5.
    • Entrepreneurship:
    • “ Entrepreneurs are people who treat obstacles as daily exercise”
    • Unleashing Entrepreneurship:
    • “ Utilising the potentiality of Entrepreneurs for the Economic Development” - UN Report
    Definitions
  • 6.
    • “ The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector” - Henry Hazlitt
    Public & Private Sector
  • 7.
  • 8.
    • The part of a nation's economy which is not controlled by the government.
    • “ For the poor – and often is the poor”
    • Contributes the Economic development
    • Empowering the poor through services
    Private Sector
  • 9. More Investment – More Growth
  • 10.
    • CONSTRAINTS ON
    • THE PRIVATE SECTOR
  • 11. Constraints on the private sector
    • Widespread Informality:-
    • No registration
    • No taxes
    • No legal Status
    • Limited access to professional expertise
  • 12. … constraints
    • Few competitive Small and Medium Enterprises:-
    • Lack of skills.
    • Access to funds.
    • Lack of competitive pressure on large companies:-
    • Weak institutional environment.
    • Receive subsidies and other privileges.
  • 13. Poor Entrepreneurship Foundation/Pillars
  • 14. … constraints
    • Global Macro Environment:-
    • Dynamic global economy.
    • Exchange of goods capital and information.
    • Transfer of Technology and ideas.
    • Domestic Macro Environment:-
    • Peace and political stability.
    • Corporate governance.
    • Sound macro economic policies.
  • 15. … constraints
    • The Rule of Law:-
    • Transparent legal framework.
    • Assignment and protection of property rights.
    • Physical and Social Infrastructure:-
    • The Roads, ports and Railway networks.
    • Energy, Water and Telecommunications.
    • Social amenities, Health and Basic Education.
  • 16.
    • UNLEASHING THE POTENTIAL
    • OF THE PRIVATE SECTOR
  • 17. Unleashing The Potential Of The Private Sector
    • ´´ WHAT ´´are the constraints ?
    • ´´ WHO ´´is tó lift them up ?
    • ´´ HOW ´´ they are to be lifted ?
  • 18.
  • 19. Building the foundations
    • Strengthening the Rule of Laws:-
    • Establishing a system to avoid conflicts.
    • Enforcing Property Rights:-
    • Specialized debt collection courts.
  • 20. Erecting the pillars
    • Create a Level Playing Field:-
    • Limits the cost and burden on enterprises.
    • Creating Competitive Market:-
    • Reducing the influence of incumbents.
  • 21.
    • Reforming Taxes- Simplicity, Clarity and Stability:-
    • Simplifying the rules applied.
    • Reducing the burdance and promoting stability.
    • Reforming Finance and Access to Capital:-
    • Creating efficient domestic financial markets.
    • Increasing the access to credit.
  • 22.
    • Develop Human Skills and Knowledge:-
    • Practical training on job with basic education.
    • Additional steps taken by Govt.
    • Buliding Entrepreneurial networks and associations.
    • Develop institutions of management learning.
    • Develop govt policies to encourage skilled emigrants to return home.
  • 23.
    • ENGAGING THE PRIVATE SECTOR IN DEVELOPMENT
  • 24.
    • Serving Markets at the bottom of the Pyramid:-
    • Targeting bigger rural markets.
    • Forming Ecosystems and Building Networks:-
    • Increasing the power of networks.
    • FDI.
    • Transfer of skills.
  • 25.
    • Fostering Public Private Partnerships For Sustainable Development:-
    • Energy production and basic Water supply projects.
    • Environmental, human rights and labour standards.
    • Improving Corporate Governance:-
    • Safeguard measures against corruption.
    • Strenghtening the institutions.
  • 26.
    • Advancing responsibile business practices and CSR standards:-
    • Reconciling respect for the environment,social equity and financial profitability.
  • 27.
    • RECOMMENDED ACTIONS
  • 28.
    • Create enabling environment.
    • Formalize the economy.
    • Facilitate access to broader financing options.
    • Assist skills and knowledge development.
    • Linkages with MNC´s to nurture SME´s.
  • 29.
    • CONCLUSION
  • 30.
      • Strong expansion in sustainable private sector.
      • Domestic private initiative within the small and informal sectors.
      • Governments need to create an enabling competitive market for private sector.
      • Developing and replicating successful models.
  • 31. Discussion
    • In your opinion do you think entrepreneurship is the solution to alleviate poverty in developing countries???