The UN report focuses on how to unleash the potential of the private sector and entrepreneurship in developing countries to help address deep poverty. It discusses various constraints facing entrepreneurs and small businesses, including lack of skills, access to capital, and an unstable macroeconomic environment. The report recommends governments strengthen the rule of law, create a level playing field for businesses, reform taxes and finance systems, and develop human skills to help build an enabling environment for businesses and entrepreneurship to thrive. Public-private partnerships are also emphasized as a way to engage businesses in sustainable development projects.

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

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 ?

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???