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(MENAFN Press) High levels of entrepreneurial optimism, ambition and innovation are vital to advancing economies, according to The Global Entrepreneurship Monitor (GEM) 2014 Global Report “ an annual survey of entrepreneurial activities, intentions, and attitudes across 73 countries. Data from Qatar was included for the very first time this year.

African economies showed the highest ability to perceive and pursue entrepreneurial opportunities with little fear of failure. In contrast, European Union nations are less optimistic, see fewer opportunities and are more uncertain about their skills in acting entrepreneurially.