Today, we start the seven day countdown for the Presidential Summit on Entrepreneurship, and I want to take the opportunity to highlight a nation where entrepreneurship is starting to bloom: Malaysia. Although not yet a start-up economy, the desire for entrepreneurship and innovation are there, along with a growing number of public policies to support them-- a good recipe to put the economy on the entrepreneurial path.
Malaysia’s relatively high entrepreneurialism is reflected in its
entrepreneurship and innovation rank by the Legatum Prosperity Index: 28th out
of 104 economies. Malaysia’s performance is boosted by a flourishing
high-tech industry. High-tech exports constitute over half of total
exports. Moreover, high levels of royalty receipts indicate that
Malaysia is able to capitalize on its innovations, according to the
Legatum study. Similarly, the World Bank ranks the country 23rd out of
183 economies in the ease of doing business.
To read the full, original article click on this link: Policy Dialogue on Entrepreneurship | The State of Entrepreneurship in Malaysia
Author: Jonathan Ortmans is president of the Public Forum Institute, a non-partisan organization dedicated to fostering dialogue on important policy issues. In this capacity, he leads the Policy Dialogue on Entrepreneurship, focused on public policies to promote entrepreneurship in the U.S. and around the world. In addition, he serves as a senior fellow at the Kauffman Foundation.
