Rates of early-stage entrepreneurial activity surged around the world in 2011, jumping nearly 60 percent in the U.S., according to a survey released this week by the Global Entrepreneurship Monitor. More than 12 percent of U.S. adults reported starting a business or running new businesses last year, up from just below 8 percent in 2010.
The GEM report reverses a trend toward declining startup activity that started in the U.S. in 2005 and persisted throughout the recent recession, says Donna Kelley, an associate professor of entrepreneurship at Babson College and a co-author of the report. The GEM’s international teams interviewed more than 140,000 adults in 54 economies and concluded that 400 million individuals all around the globe are engaged in entrepreneurship. Kelley spoke about the report’s findings with Smart Answers columnist Karen E. Klein. Edited excerpts of their conversation follow.
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