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71. Reducing Risks from Global Imbalances

Author:
Research and Policy Committee of the Committee for Economic Development
Publication Date:
09-2007
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
This report traces the evolution of the current large global trade and financial imbalances, examines their sources, and makes recommendations that, if adopted, will help ensure continued growth in the global economy.
Topic:
International Trade and Finance, Economy, Global Political Economy, and Risk
Political Geography:
Global Focus

72. Creating a Policy Environment for Entrepreneurs

Author:
Thomas A. Garrett and Howard J. Wall
Publication Date:
10-2006
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Entrepreneurship is often viewed as a catalyst for economic growth. Through innovation, hard work, and a willingness to accept financial risk, the entrepreneur takes advantage of previously undiscovered opportunities for arbitrage and profit (Kirzner 1997).1 This quest for profit, and the possibility of personal and financial failure, aid in ensuring that an economy’s resources are used efficiently. Successful entrepreneurs provide employment opportunities to others, generate innovation, spur economic growth, and contribute to state and local governments in the form of tax revenue (Gwartney, Holcombe, and Lawson 2004; Kreft and Sobel 2005). Because of this perception of the benefits generated by entrepreneurship, a large literature has focused on the factors that influence the decision of an individual to become an entrepreneur and the conditions under which entrepreneurship prospers.
Topic:
Finance, Entrepreneurship, Economic Growth, and Risk
Political Geography:
Global Focus