A GLOBAL PERSPECTIVE ON ENTREPRENEURSHIP ON 2014

A GLOBAL PERSPECTIVE ON ENTREPRENEURSHIP ON 2014

1. The three components of the GEM Conceptual Framework and the assumed relationships among them are at the heart of the GEM contribution to a better understanding of entrepreneurial energy in any economy.

   • ndividual attributes—which reflect perceptions about opportunities, capabilities to act entrepreneurially, entrepreneurial intentions and fear of failure
   • Social values— which reflect how the society values entrepreneurial behavior
   • Entrepreneurship indicators—different forms of entrepreneurial activity along the life cycle of a venture and motivation for venturing

2. 2008, GEM Global reports have categorized 2008, GEM Global reports have categorized the participating economies by phase of economic development, namely factor-driven, efficiency-driven and innovation-driven economiesparticipating economies by phase of economic development, namely factor-driven, efficiency-driven and innovation-driven economies

   • Table 2.1 shows 70 participating economies by global regions and phases of economic development which are profiled for their respective individual attributes, social values and entrepreneurship activities in the 2014 Global Report