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20 Years Crossroad
 

20 Years Crossroad

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    20 Years Crossroad 20 Years Crossroad Presentation Transcript

    • 20 years of entrepreneurial journey toward crossroads
      • Mehis Pärn
      • Coordinator of Enterprising Awareness Program
      • Enterprise Estonia
    • Enterprise Estonia
      • Enterprise Estonia is one of the largest institutions within the national support system for entrepreneurship in Estonia, providing financing products, advice, partnership opportunities and training for entrepreneurs, research and development institutions and the public and third sectors
      • http://www.eas.ee
    • Historical background
      • 1987 privat enterprises were allowed with limitations
      • Before that, private business went under the criminal law
      • Young entrepreneurial culture
      • Self learning and lack of role models
    • Great success
      • 2007/2008 Human Development Index ranking: 44. position (Group of: High Human Development)
      • Heritage Foundation index of economic freedom: 12. position
      • The Fraser Institute Economic Freedom index: 14. position
      • World Bank, Ease of Doing Business rank: 17. position
      • The IMD World Competitiveness Yearbook : 22. position
      • The Global Competitiveness Report: 27. position
    • Great success Real GDP growth rate   1998 1999 2000 2001 2002 2003 2004 2005 2006 Avarage Latvia 4,7 3,3 6,9 8 6,5 7,2 8,7 10,6 12,2 7,6 Estonia 5,4 -0,1 9,6 7,7 8 7,2 8,3 10,2 11,2 7,5 Ireland 8 10,4 9,4 6,1 6,6 4,5 4,4 6 5,7 6,8 Poland 5 4,5 4,3 1,2 1,4 3,9 5,3 3,6 6,2 3,9 Finland 5,2 3,9 5 2,6 1,6 1,8 3,7 2,8 4,9 3,5 Czech Republic -0,8 1,3 3,6 2,5 1,9 3,6 4,5 6,4 6,4 3,3 United States 4,2 4,4 3,7 0,8 1,6 2,5 3,6 3,1 2,9 3,0 United Kingdom 3,4 3 3,8 2,4 2,1 2,8 3,3 1,8 2,9 2,8 France 3,5 3,3 3,9 1,9 1 1,1 2,5 1,9 2,2 2,4 Portugal 4,9 3,8 3,9 2 0,8 -0,8 1,5 0,9 1,3 2,0 Germany 2 2 3,2 1,2 0 -0,2 1,1 0,8 2,9 1,4
    • Great success GDP per capita in PPS (EU27=100%)   1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 EU (27 countries) 100 100 100 100 100 100 100 100 100 100 100 100 Slovenia 76,9 77,7 79,6 78,8 78,9 81,2 82,3 85,3 86,8 87,8 90,6 90,7 Czech Republic 73,1 70,6 69,7 68,6 70,4 70,6 73,6 75,3 76,6 78,6 81,5 81,9 Estonia 41,9 42,4 42,4 44,7 46,2 50 54,5 56,9 62,9 68,4 71,7 71 Slovakia 51,4 52,1 50,6 50,2 52,4 54,2 55,6 57,2 60,5 63,7 68,7 70,8 Hungary 51,6 52,8 53,6 56,2 59 61,6 63,4 63,3 64,2 65 64,4 63,3 Lithuania 38,2 40,2 38,8 39,4 41,6 44,1 49,1 50,5 53,2 56,2 60,1 61,7 Latvia 34,7 35,7 36,1 36,8 38,8 41,3 43,4 45,8 49,9 53,7 58,2 58,5 Croatia 46 47,3 44,4 45,5 46,3 48,4 50,6 52,1 49,9 51,5 57,5 57,8 Poland 46,9 47,9 48,7 48,4 47,7 48,4 49 50,7 51,2 52,4 54,6 55,5 Romania     26 25,9 27,6 29,4 31,4 34,1 35,4 38,9 40,4 41,5 Bulgaria 26,5 27 27 27,9 29,3 31,1 32,6 33,8 35,3 36,7 38,1 39,1 Macedonia 26,7 26,7 26,9 27 25,2 25,1 25,7 26,7 27,9 28,2 28,9 29,2
    • GDP and sectors 2006
    • Current situation
    • “ Scissors” Real gross wages growth
    • Problems!
      • Too much success!
      • Lots of foreign money
      • Weak international competitiveness – small exporting sector
      • Low value added sectors are dominating
      • Labo u r cost s are raising quickly
      • Inefficiency
      • A l ittle willingness to learn or develop
      • No cooperation
      • Foreign expectations are changing
    • Possible scenarios Natural selection Nordic Star Backwater Idling Capability of change (Enterprises, housholds) High Low Passive state Active state Surroundings Surroundings
    • Challenges
      • Businesses and households: need of changing attitudes - continuous learning, creativity, enterprising and innovative attitude
      • Entrepreneurs should become more efficient, productive and competitive
      • Public sector putting strategies into practice
      • Educational system need to be reformed
      • Cooperation on every level
    • Conclusion
      • Hopefully economical decline awakes!
      • New generation could bring new attitude
      • Important support from EU
      • Estonians are used to continuous changes and reforms
      • If only somebody gives us wisdom to make right choices at crossroads
    • Thank you , for your attention !
      • Mehis Pärn
      • Coordinator of Enterprising Awareness Program
      • Enterprise Estonia
      • [email_address]
      • +372 738 6011