The document is a communique from the 2013 G20 Young Entrepreneurs' Alliance Summit held in Moscow, Russia. It discusses the importance of entrepreneurship, especially among youth, for economic growth. It summarizes the discussions at the summit and provides recommendations in 4 areas to support youth entrepreneurship: 1) access to digital infrastructure, 2) education reform, 3) reforming business and labor legislation, and 4) increasing access to finance for startups. The communique calls on G20 governments to create a task force to develop an action plan to implement the recommendations.
Since the mid-1980s, sustainable development has been generally used but got predominance
when it became progressively fashionable to use it as a way of reacting to global environmental concerns,
biophysical issues, fairness, equity and distribution. The issue of sustainable development has been a growing
concern to both the government
Session IV - Cross-National Frameworks for the Management of National Inequal...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session IV - Cross-National Frameworks and the Management of National Inequality
18 January 2018
Since the mid-1980s, sustainable development has been generally used but got predominance
when it became progressively fashionable to use it as a way of reacting to global environmental concerns,
biophysical issues, fairness, equity and distribution. The issue of sustainable development has been a growing
concern to both the government
Session IV - Cross-National Frameworks for the Management of National Inequal...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session IV - Cross-National Frameworks and the Management of National Inequality
18 January 2018
Session IV - Policy Considerations in Addressing Malaysian Economic Inequalit...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session IV - Cross-National Frameworks and the Management of National Inequality
18 January 2018
The solutions against unemployment resulting from technological advancementFernando Alcoforado
The Income Transfer Program through which the State would provide income to the unemployed would be put into practice together with the adoption of the Creative Economy and the Social and Solidarity Economy as a solution to mass unemployment resulting from technological advancement.
The Index of the Massachusetts Innovation Economy,
published annually since 1997, is the premier fact-based benchmark for measuring the performance of the Massachusetts knowledge economy. The 2012-2013 Index of the Massachusetts Innovation Economy shows that the state's innovation economy is experiencing three new shifts, including the growth of new technology sectors like robotics and Big Data as major economic drivers and a changing capital landscape including an increase in angel investment. Massachusetts retains its position of strength as compared to other Leading Technology States, and this year’s Index revealed that many other states are gaining ground. For more information on the Massachusetts innovation economy visit our website at: www.masstech.org.
Voor het derde jaar op rij publiceert Hays in samenwerking met Oxford Economics de Hays Global Skills Index. De Hays Global Skills Index geeft de dynamiek weer van de arbeidsmarkten van 31 landen wereldwijd. De index geeft aan hoe groot de druk is op de arbeidsmarkt en hoe goed een land wel of niet in staat is talent te leveren.
America21 promotes Inclusive Competitiveness Economic Strategies as an effective approach that is grounded in principles of economic competitiveness and inclusion – Inclusive Competitiveness – and further extends proven innovation- and technology-based economic development strategies to seed the next generation of innovators, entrepreneurs and employees within urban communities and metropolitan centers.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2012 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our latest edition provides an analysis of the employment markets and economic status of 33 countries, featuring insights from Hays experts across the globe.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2015 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2013 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
In the essential criteria of economic dynamism, immaterial capital, or capital knowledge, has
become the true wealth of a country. known as the knowledge economy, it attempts to overcome the major
concern of economists for material
This ppt is based on cyber crime information. If any person want to know what is cyber crime and what happen in this then this ppt is very useful for them.
Session IV - Policy Considerations in Addressing Malaysian Economic Inequalit...KhazanahResearchInstitute
Malaysian Income Distribution in a Global Context
A Khazanah Nasional Berhad and Khazanah Research Institute Seminar
Session IV - Cross-National Frameworks and the Management of National Inequality
18 January 2018
The solutions against unemployment resulting from technological advancementFernando Alcoforado
The Income Transfer Program through which the State would provide income to the unemployed would be put into practice together with the adoption of the Creative Economy and the Social and Solidarity Economy as a solution to mass unemployment resulting from technological advancement.
The Index of the Massachusetts Innovation Economy,
published annually since 1997, is the premier fact-based benchmark for measuring the performance of the Massachusetts knowledge economy. The 2012-2013 Index of the Massachusetts Innovation Economy shows that the state's innovation economy is experiencing three new shifts, including the growth of new technology sectors like robotics and Big Data as major economic drivers and a changing capital landscape including an increase in angel investment. Massachusetts retains its position of strength as compared to other Leading Technology States, and this year’s Index revealed that many other states are gaining ground. For more information on the Massachusetts innovation economy visit our website at: www.masstech.org.
Voor het derde jaar op rij publiceert Hays in samenwerking met Oxford Economics de Hays Global Skills Index. De Hays Global Skills Index geeft de dynamiek weer van de arbeidsmarkten van 31 landen wereldwijd. De index geeft aan hoe groot de druk is op de arbeidsmarkt en hoe goed een land wel of niet in staat is talent te leveren.
America21 promotes Inclusive Competitiveness Economic Strategies as an effective approach that is grounded in principles of economic competitiveness and inclusion – Inclusive Competitiveness – and further extends proven innovation- and technology-based economic development strategies to seed the next generation of innovators, entrepreneurs and employees within urban communities and metropolitan centers.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2012 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our latest edition provides an analysis of the employment markets and economic status of 33 countries, featuring insights from Hays experts across the globe.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2015 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2013 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
In the essential criteria of economic dynamism, immaterial capital, or capital knowledge, has
become the true wealth of a country. known as the knowledge economy, it attempts to overcome the major
concern of economists for material
This ppt is based on cyber crime information. If any person want to know what is cyber crime and what happen in this then this ppt is very useful for them.
Software para fotógrafos profesionales, Proselect en español, IntroducciónProselect en español
Un paseo por los grandes módulos del sistema: gestión de imágenes, Impresión de Hoja de Contactos, Presentacion Audiovisual, Visionado de Imágenes en Salas y vistas en tamaño real, Registro de Pedidos y envío de archivos a laboratorio.
Are penalty motivators good for wellness programs?Infinisource
Employers have offered wellness incentive programs for a number of years, usually giving rewards to participants for meeting certain health-related goals, such as losing weight, getting flu shots or meeting health requirements. Review the impact.
CII Multilateral Newsletter July edition outlines the highlights of the key discussions of G20 Summit and the testimonials made by B20 members as well as the developments in the Association of Southeast Asian Nations (ASEAN), World Bank, Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).
EY : Baromètre 2013 de l'entrepreneuriat dans les pays du G20 #EY #G20Franck Sebag
Baromètre EY 2013 de l'entrepreneuriat dans les pays du G20
« La règle de trois »
L’entrepreneuriat, moteur de la croissance et de l’emploi
L’entrepreneuriat est clairement identifié dans tous les pays du G20 comme un levier incontournable pour relancer la croissance, ainsi que le montre la 2ème édition du Baromètre EY 2013 de l’entrepreneuriat* :
67% des emplois créés en 2012 dans les pays de l’UE l’ont été par des entrepreneurs ;
74% des entrepreneurs des pays du G20 affirment avoir recruté l’an passé grâce à la croissance qu’ils ont pu générer par l’innovation.
2013 The EY G20 Entrepreneurship Barometer 2013Steve Mondragon
El EY G20 Emprendimiento Barómetro 2013 está diseñado para ayudar a los países líderes en comparar su progreso y desempeño en este tema vital. Permite a cada nación del G-20 para identificar los puntos fuertes de su entorno empresarial, así como las principales oportunidades para un mayor desarrollo.
Como resultado, el Barómetro ofrece un marco de gran alcance para ayudar a los países a entender y mejorar los ecosistemas que son vitales para el éxito de los empresarios del futuro.
BUSINESS INCUBATION AS ELEMENT OF BUSINESS SERVICE INSTITUTION AND SME DEVEL...Vasily Ryzhonkov
The core of the political and economic transformation of any country in transition (CIT) is
the creation of the private sector, the development of entrepreneurship and creation of small and
medium-sized enterprises (SMEs). They are consideredto be one of the principal driving forces in
economic development. SMEs stimulate private ownership and entrepreneurial skills, they are
flexible and can adapt quickly to changing market demand and supply situations, they generate
employment, help diversify economic activity and make a significant contribution to exports and
trade. SMEs also play an important role in innovation and the high-tech business, due to their
flexibility and creativity many of them became large businesses. In this process emphasis should be
laid on creation of a business friendly environment in which the transformation of the society
towards a market economy should be taken place
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
The Role of IT in Supporting Vietnam Youth Entrepreneurshipijtsrd
This paper aimed to analyse the role of IT in supporting entrepreneurs in Vietnam. Our findings show that youth entrepreneurship in Vietnam face a number of hurdles in accessing IT services. Although a number of them have shown an interest in integrating IT into their business operations, however, most of them do not have enough resources to fully exploit IT opportunities. Other problems mentioned to confront youth entrepreneurship in their endeavour to access and use IT in their businesses is the lack of knowledge and skills on how to use computer, language and lack of time. Dr. Le Nguyen Doan Khoi "The Role of IT in Supporting Vietnam Youth Entrepreneurship" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31503.pdf Paper Url :https://www.ijtsrd.com/economics/commerce/31503/the-role-of-it-in-supporting-vietnam-youth-entrepreneurship/dr-le-nguyen-doan-khoi
Role of business in economic developmentM S Siddiqui
Policy makers need to create structured long term funding schemes with extended moratorium periods to support young entrepreneurs in the start-up stage and smooth run of business under self-regulations with minimum bureaucratic control. The bureaucratic control is expensive and regressive of creation of new business and development of entrepreneurship.
The #G20YEA Summit in Sydney final communique signed by the Presidents of the 20 Young Entrepreneurs organizations together with the national action plans for employment. The G20 Young Entrepreneurs Alliance Summit took place in Sydney, Australia, from the 18th to the 22nd of July, 2014. The Young Entrepreneurs of the European Union are represented by YES for Europe.
Globalisation has become associated with difficulties for less-skilled workers, inequality and a general sense that it is not working for large sections of society, in both advanced and emerging economies. There is much to be done with domestic policy to improve outcomes, but there is also a strong need for better alignment of domestic and international policies and a more level playing field in the cross-border activities of businesses.
This booklet reproduces highlights from the 2017 edition of the OECD Business and Finance Outlook which focuses on ways to enhance “fairness”, in the sense of strengthening global governance, to ensure a level playing field in trade, investment and corporate behaviour, through the setting and better enforcement of global standards.
Find out more here http://www.oecd.org/daf/oecd-business-and-finance-outlook-2017-9789264274891-en.htm
Sowing the Seeds of Prosperity: Solutions to the Youth Unemployment CrisisAnthony Williams
With nearly 300 million unemployed or inactive youth around the world, youth unemployment is a serious threat to global prosperity and well-being. The social and economic repercussions of prolonged youth unemployment range from to a loss aggregate demand in the form of slower growth and less job creation to heightened pressure on fragile social support systems and even increases in crime, violence and social unrest. While single-actor interventions have largely proven ineffective, global solution networks are drawing on the resources and competencies of diverse actors in society to create new pathways for skills development, entrepreneurship and policy creation that will underpin long-term solutions for youth employment.
Similar to G20 yea-summit-communique-with-signature-page (20)
In an effort to better respond to its founding mission and aiming to better connect with the various European Institutions, YES for Europe introduced the "European Youth Entrepreneurship Conference" series of events, taking place on a six months basis at the EU Member State holding the rotating Presidency of the Council of the European Union.
The European Committment is the great outcome from our #scaleupeurope event in Rome, December 2014.
The #ScaleUpEurope - 2nd European Youth Entrepreneurship Conference program, my Confindustria Young Entrepreneurs and YES for Europe in Rome, Italy, December 18 & 19, 2014.
Press Release on the G20 Young Entrepreneurs Alliance leadership assembly, co-organized by YES and Confindustria, under the Auspices of the Cypriot Presidency of the Council of the European Union.
Burton Lee Presentation at YES Execom Athens, 14-16 April 2011
"Lessons from Silicon Valley Promoting High-growth and Innovative Entrepreneurship in Europe"
YES - European Confederation of Young Entrepreneurs is glad to be partner of the 1st edition of “Festival d’Europa” that will take place in Florence on 6-10 May 2011.
More from YES European Confederation of Young Entrepreneurs (20)
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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The Influence of Marketing Strategy and Market Competition on Business Perfor...
G20 yea-summit-communique-with-signature-page
1. Crisis delenda est,
Entrepreneurship est memorandum
1
.
THE OFFICIAL COMMUNIQUE OF THE MOSCOW 2013 G20 YOUNG ENTREPRENEURS’
ALLIANCE SUMMIT
The G20 Young Entrepreneurs’ Alliance (G20 YEA) is a global network of young entrepreneurs
and the organizations that support them. In conjunction with the 2013 Leaders’ Summit in St.
Petersburg, Russia, more than 400 young entrepreneurs met in Moscow at the G20 YEA Summit
on June 15th
to 17th
, 2013.
The 2013 edition of the G20 YEA Summit built upon the dialogue between young entrepreneurs
that began in Italy (at the G8), and continued at the G20 YEA Summits in Canada, France and
Mexico. We recognize that development of youth entrepreneurship is the main factor in the
formation and development of human capital, the key to innovative economies in the 21st
century, and the dominant force for strong, sustainable and balanced growth.
Over 2000 years ago, the famous Roman general, speaking to the Senate, persistently
repeated “Carthago delenda est” (Carthage must be destroyed), and not without reason,
considering that his homeland stood in the face of mortal danger. This man was Cato the
Elder, and he was known not only as a statesman and soldier, but also as the author of the
famous guide on agriculture, De Agri Cultura. This handbook for small landowners
contributed to the development of private property and the birth of a new type of farming,
one systematic and capitalist in nature.
In the Ancient period, we already witnessed economic unity of the world, uniformity of
economic life, mass production, a “homo oeconomicus” way of thinking, and the first steps
of capitalist development, which today all forms the basis of modern life. However, back
then, the development of these institutions was suspended by a process that had no direct
relation to economic life, as the source of obstacles was of a political nature.
Today, in times of economic crisis, structural changes and rising unemployment, we, the young
entrepreneurs attending the 2013 G20 YEA Summit, paraphrasing the words of Cato the Elder,
are ready to repeat emphatically “Crisis delenda est, Entrepreneurship est memorandum”!
1
The Crisis must be overcome,
The Role of Entrepreneurship must be emphasized
2. 2
We are witnessing challenges associated with the emergence of new technologies. Mass
production still remains the basis of the global economy. But, technological development
allows for the individualization of production of goods and services, the targeting of it to
specific consumers, and the opportunity to be closer to customers and not hide behind the
thick walls of corporations and intermediaries.
To take full advantage of the benefits and changes technology brings, economies require a
review of legal and institutional frameworks, and adjusting the organization of economic
activity. Economies need to modernize structurally, support innovation, create high-tech jobs,
and stimulate domestic demand, which is an increasingly important factor for investment
decisions.
The government machinery and the monopolies from their heights will not notice the unique
person with his/her unique needs. But there is free enterprise, which allows for the realization
of a free and at the same time culturally determined will of individual. Entrepreneurs are very
different, but always aim at finding effective solutions. Youth entrepreneurship embodies
mobility of thinking and lack of stereotypes – traits that play a crucial role in the development
of economies.
G20 countries have different technological and institutional environments, geographical
conditions, consumption and trade levels, and monetary and credit systems. These differences
serve as an incentive to entrepreneurs, stimulating cross-border cooperation, advancement
and job creation.
One of the major concerns of many modern economies is structural unemployment, in
particular among young people. Entrepreneurship is a tool that provides targeted support for
those who are currently unemployed or underemployed, and who have high potential in the
innovation economy. Promotion of youth entrepreneurship is a significant factor in reducing
social and economic risks.
There is ample evidence to say that any seriously grounded policy to reinvigorate growth and
job creation should have entrepreneurship at its core, with a strong emphasis on youth. Small
and medium-sized enterprises are the backbone of most economies around the globe. In 2011,
the World Bank found that across a sample of 99 developing countries, almost 90% of jobs are
generated by SMEs. They account for 52% of GDP and 64% of employment and, more
importantly, create all the net growth of jobs, and account for the majority of hiring of youth.
Our recommendations are targeted to address specifically the most acute challenges the global
economy is facing today. The legitimacy of our recommendations is based upon the credibility
and input of hundreds of young entrepreneurs from all G20 countries who gathered in Moscow
in June for the 2013 G20 YEA Summit. From them, we have identified a number of measures
that require coordinated action on the part of the G20 leaders.
1. Access to digital infrastructure and services.
For emerging and growth ventures, digital infrastructure and electronic access to government
services and payment networks is a necessary platform for future growth, innovation, and
national and international cooperation.
RECOMMENDATIONS:
- Ensure access to reliable high-speed internet connections at a reasonable cost for start-
up and growth businesses, especially outside of large cities.
3. 3
- Provide government business services electronically, reducing expensive staff and time
resources.
- Ensure an infrastructure that enables companies to have digital access to all business-
related information (regulations, taxation, public statistics, etc.).
- Ensure Internet-neutrality by overseeing companies that control online content flow.
- Support the development of global electronic payment networks.
2. Education to provide knowledge, networks and innovation skills.
Human capital is the main factor of sustainable development in the post-industrial economy
that increasingly depends on continuous innovation for growth and prosperity. Knowledge
plays a key role in international competitiveness.
Development of entrepreneurship in the sphere of innovation creates a growing need for staff
with modern higher education. The quality of education determines the quality of
entrepreneurship growth, and the two sides of the equation must develop together.
RECOMMENDATIONS:
- Review educational priorities to ensure young people have access to knowledge and
skills vital for the new technological and business realities of the 21st
century.
- Facilitate promotion of an entrepreneurial culture through all layers of the schooling
system, with a focus on the values of ethics and business morals.
- Develop standardized enterprise development programs, which include widespread
training in basic entrepreneurship and risk management skills, and utilize the Internet to
deliver top-quality informational resources.
- Support creation of specialized business and social networks (local and international),
and technologically advanced business centers at universities, giving students access to
skills and tools necessary to put theory into practice; incubation services and co-work
spaces; low cost search for information, partners and suppliers; and management
talent, recruiting, accounting and other resources for start-up initiatives.
- Promote close cooperation between businesses and schools to better link educational
pathways with labor market needs, and to effectively support and provide guidance to
students in their career choices and job search.
- Stimulate the establishment of work-based learning systems (internships,
apprenticeships, vocational trainings etc.).
- Expand, streamline and coordinate government funding programs targeted to R&D in
green growth technology.
3. Business and labor legislation environment.
There is strong demand for easy-to-understand, employment-friendly labor laws, which are
currently considered to be complex, rigid, a huge drain on SMEs in terms of both administrative
resources and compliance, and high risk vis-à-vis hiring and laying-off employees.
Any institutional changes should be directed toward the sustainable development and ability of
SMEs to scale-up, which will lead to positive cumulative effects on the global economy as a
whole.
RECOMMENDATIONS:
- Revise the tax burden on labor (including both wage and non-wage labor costs on the
part of the employer, as well as income taxes on the part of the employee) in two
priority areas:
4. 4
1. Innovation (implementation of scientific and technical programs, improvement
of the technical means of production, and the development of new high-tech
equipment and technologies);
2. Social entrepreneurship (for example, social care, opening of schools, or the
launching of immigrant assimilation programs).
- Harmonize labor laws to strike the right balance between the needs of workers and
employers by introducing simplified labor regimes for start-ups in the first three years of
their existence; establishing simplified rules for hiring and laying-off; and organizing
simple procedures for dispute resolution.
- Promote business legislation that minimizes the stigma and punitive nature of
bankruptcy.
4. Increasing access to finance for start-ups and enterprise growth.
Making credit markets work for start-ups, as well as for SMEs, is a policy prescription of long
standing, and yet one that is often unrealized. Supporting the sustainability of enterprises
converges with the objective of generating quality jobs.
Access to finance is an important prerequisite to enterprise growth, be they newcomers to the
market, or those seeking financing for a new type of product or service.
RECOMMENDATIONS:
- Facilitate the development of a comprehensive range of financial products and services
suitable for start-ups/small businesses, including development of a methodology for
financial institutions that finance SMEs, striking a balance between "risk" and "trust".
- Ensure that funding on favorable terms is available from a variety of private funds, local
banks, as well as state and local government sources for higher risk investment in
capital expenditures for new product development and marketing.
- Reduce bank requirements concerning amount of mandatory reserve fund allocations
when lending to SMEs, and enable the use of mandatory reserve funds for support of
banks’ current liquidity.
- Require international and regional development banks to set up programs tailored to
support cross-border cooperation between growth ventures and corporations in the
development of new products and technologies.
- Develop regulations to accommodate development of new innovative forms of
financing, including online cross-border platforms and networks of investors and
entrepreneurs.
To facilitate further development and implementation of the above recommendations we urge
G20 governments to create a Task Force encompassing all relevant stakeholders and ask it to
present an action plan at the next G20 meeting in Australia in 2014.
Signed on this 17th
day of June, 2013