Entrepreneurship, Public Policy, and Cities
Since the 2008-09 global financial crises, interest among policy makers in promoting innovative, high-potential ventures has exploded. The emerging great hubs of entrepreneurial activity, like Bangalore, Dubai, Shanghai, Silicon Valley, Singapore,...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/11/18862585/entrepreneurship-public-policy-cities http://hdl.handle.net/10986/17601 |
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okr-10986-176012021-04-23T14:03:39Z Entrepreneurship, Public Policy, and Cities Lerner, Josh ADVANCED COUNTRIES ADVANCED ECONOMIES AMOUNT OF CAPITAL BALANCE SHEET BALANCE SHEETS BANK LOANS BONDS BRANCHES BUSINESS INVESTMENT CAPITAL FUNDS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKETS COLLECTIVE ACTION CORPORATIONS CREDIBILITY DEBT DEBT FINANCING DEBTS DEFICITS DIMINISHING RETURNS DIVIDENDS ECONOMIC PERFORMANCE EMERGING ECONOMIES EMPLOYMENT ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP EXIT MECHANISMS FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL RETURNS FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRMS FOREIGN CAPITAL FOREIGN INVESTORS FUND MANAGERS GLOBAL INVESTORS GLOBAL PRIVATE EQUITY GLOBAL STANDARDS GOLD STANDARD GOVERNMENT FUNDING GOVERNMENT FUNDS GOVERNMENT INTERVENTION GOVERNMENT SUBSIDIES INCREASING RETURNS INDEPENDENT VENTURE CAPITALISTS INFORMAL VENTURE CAPITAL INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INTANGIBLE INTANGIBLE ASSETS INTERNATIONAL INVESTORS INVESTING INVESTMENT BANK INVESTMENT BANKERS INVESTMENT FUND INVESTMENT FUNDS INVESTMENT INCENTIVES JOB CREATION LAWYERS LEGAL TRADITION LICENSING LOCAL ENTREPRENEURS LOCAL GOVERNMENT LOCAL INVESTORS LOCAL MARKET LOCAL MARKETS MARKET PERFORMANCE MATURITY MICROENTERPRISES NEW PRODUCTS OUTPUT PARTY PENSION PENSION FUND PENSION FUNDS POLITICAL CONSIDERATIONS POLITICAL SYSTEM POOLS OF CAPITAL PORTFOLIO POTENTIAL INVESTORS PREFERRED STOCK PRIVATE EQUITY PRIVATE FINANCING PRIVATE INVESTORS PUBLIC FUNDS PUBLIC MARKETS PUBLIC POLICY PUBLIC SPENDING RATES OF RETURN REGULATORY CONDITIONS RETURNS SECURITIES SECURITIES REGULATION SMALL BUSINESS SMALL BUSINESS INVESTMENT COMPANY SMALL FIRMS STOCK OPTIONS TAX TAX BENEFITS TAX DEDUCTION TAX INCENTIVES TAX POLICY TAX REVENUE TECHNOLOGICAL CHANGE TECHNOLOGY TRANSFER TERRORISM TRACK RECORD TRADE ASSOCIATION URBAN DEVELOPMENT VENTURE CAPITAL VENTURE CAPITAL FUNDS VENTURE CAPITAL INVESTMENT VENTURE CAPITAL INVESTMENTS VENTURE CAPITALIST VENTURE CAPITALISTS VENTURE FUNDS Since the 2008-09 global financial crises, interest among policy makers in promoting innovative, high-potential ventures has exploded. The emerging great hubs of entrepreneurial activity, like Bangalore, Dubai, Shanghai, Silicon Valley, Singapore, and Tel Aviv, bear the unmistakable stamp of the public sector. Enlightened government intervention played a key role in each region's emergence. But for each effective government intervention, dozens, even hundreds, disappointed, with substantial public spending bearing no fruit. This paper sheds light on how governments can avoid mistakes in stimulating entrepreneurship. In recent decades, efforts have increased to provide the world's poorest with financing and other assistance to facilitate their entry into entrepreneurship or the growth of their small ventures. These are typically subsistence businesses offering services like snack preparation or clothing repair. Such businesses typically allow business owners and their families to get by, but little else. The public policy literature, along with academic studies of new ventures, often does not distinguish among the types of businesses being studied. The author will focus here exclusively on high-potential new ventures and the policies that enhance them. This choice, not intended to diminish the importance of efforts to boost microenterprises, reflects the complexity of the field: the dynamics and issues involving micro firms are quite different from those of their high-potential counterparts. A substantial literature suggests that promising entrepreneurial firms can have a powerful effect in transforming industries and promoting innovation. 2014-04-02T20:27:47Z 2014-04-02T20:27:47Z 2013-11 http://documents.worldbank.org/curated/en/2013/11/18862585/entrepreneurship-public-policy-cities http://hdl.handle.net/10986/17601 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADVANCED COUNTRIES ADVANCED ECONOMIES AMOUNT OF CAPITAL BALANCE SHEET BALANCE SHEETS BANK LOANS BONDS BRANCHES BUSINESS INVESTMENT CAPITAL FUNDS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKETS COLLECTIVE ACTION CORPORATIONS CREDIBILITY DEBT DEBT FINANCING DEBTS DEFICITS DIMINISHING RETURNS DIVIDENDS ECONOMIC PERFORMANCE EMERGING ECONOMIES EMPLOYMENT ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP EXIT MECHANISMS FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL RETURNS FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRMS FOREIGN CAPITAL FOREIGN INVESTORS FUND MANAGERS GLOBAL INVESTORS GLOBAL PRIVATE EQUITY GLOBAL STANDARDS GOLD STANDARD GOVERNMENT FUNDING GOVERNMENT FUNDS GOVERNMENT INTERVENTION GOVERNMENT SUBSIDIES INCREASING RETURNS INDEPENDENT VENTURE CAPITALISTS INFORMAL VENTURE CAPITAL INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INTANGIBLE INTANGIBLE ASSETS INTERNATIONAL INVESTORS INVESTING INVESTMENT BANK INVESTMENT BANKERS INVESTMENT FUND INVESTMENT FUNDS INVESTMENT INCENTIVES JOB CREATION LAWYERS LEGAL TRADITION LICENSING LOCAL ENTREPRENEURS LOCAL GOVERNMENT LOCAL INVESTORS LOCAL MARKET LOCAL MARKETS MARKET PERFORMANCE MATURITY MICROENTERPRISES NEW PRODUCTS OUTPUT PARTY PENSION PENSION FUND PENSION FUNDS POLITICAL CONSIDERATIONS POLITICAL SYSTEM POOLS OF CAPITAL PORTFOLIO POTENTIAL INVESTORS PREFERRED STOCK PRIVATE EQUITY PRIVATE FINANCING PRIVATE INVESTORS PUBLIC FUNDS PUBLIC MARKETS PUBLIC POLICY PUBLIC SPENDING RATES OF RETURN REGULATORY CONDITIONS RETURNS SECURITIES SECURITIES REGULATION SMALL BUSINESS SMALL BUSINESS INVESTMENT COMPANY SMALL FIRMS STOCK OPTIONS TAX TAX BENEFITS TAX DEDUCTION TAX INCENTIVES TAX POLICY TAX REVENUE TECHNOLOGICAL CHANGE TECHNOLOGY TRANSFER TERRORISM TRACK RECORD TRADE ASSOCIATION URBAN DEVELOPMENT VENTURE CAPITAL VENTURE CAPITAL FUNDS VENTURE CAPITAL INVESTMENT VENTURE CAPITAL INVESTMENTS VENTURE CAPITALIST VENTURE CAPITALISTS VENTURE FUNDS |
| spellingShingle |
ADVANCED COUNTRIES ADVANCED ECONOMIES AMOUNT OF CAPITAL BALANCE SHEET BALANCE SHEETS BANK LOANS BONDS BRANCHES BUSINESS INVESTMENT CAPITAL FUNDS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKETS COLLECTIVE ACTION CORPORATIONS CREDIBILITY DEBT DEBT FINANCING DEBTS DEFICITS DIMINISHING RETURNS DIVIDENDS ECONOMIC PERFORMANCE EMERGING ECONOMIES EMPLOYMENT ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP EXIT MECHANISMS FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL RETURNS FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRMS FOREIGN CAPITAL FOREIGN INVESTORS FUND MANAGERS GLOBAL INVESTORS GLOBAL PRIVATE EQUITY GLOBAL STANDARDS GOLD STANDARD GOVERNMENT FUNDING GOVERNMENT FUNDS GOVERNMENT INTERVENTION GOVERNMENT SUBSIDIES INCREASING RETURNS INDEPENDENT VENTURE CAPITALISTS INFORMAL VENTURE CAPITAL INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INTANGIBLE INTANGIBLE ASSETS INTERNATIONAL INVESTORS INVESTING INVESTMENT BANK INVESTMENT BANKERS INVESTMENT FUND INVESTMENT FUNDS INVESTMENT INCENTIVES JOB CREATION LAWYERS LEGAL TRADITION LICENSING LOCAL ENTREPRENEURS LOCAL GOVERNMENT LOCAL INVESTORS LOCAL MARKET LOCAL MARKETS MARKET PERFORMANCE MATURITY MICROENTERPRISES NEW PRODUCTS OUTPUT PARTY PENSION PENSION FUND PENSION FUNDS POLITICAL CONSIDERATIONS POLITICAL SYSTEM POOLS OF CAPITAL PORTFOLIO POTENTIAL INVESTORS PREFERRED STOCK PRIVATE EQUITY PRIVATE FINANCING PRIVATE INVESTORS PUBLIC FUNDS PUBLIC MARKETS PUBLIC POLICY PUBLIC SPENDING RATES OF RETURN REGULATORY CONDITIONS RETURNS SECURITIES SECURITIES REGULATION SMALL BUSINESS SMALL BUSINESS INVESTMENT COMPANY SMALL FIRMS STOCK OPTIONS TAX TAX BENEFITS TAX DEDUCTION TAX INCENTIVES TAX POLICY TAX REVENUE TECHNOLOGICAL CHANGE TECHNOLOGY TRANSFER TERRORISM TRACK RECORD TRADE ASSOCIATION URBAN DEVELOPMENT VENTURE CAPITAL VENTURE CAPITAL FUNDS VENTURE CAPITAL INVESTMENT VENTURE CAPITAL INVESTMENTS VENTURE CAPITALIST VENTURE CAPITALISTS VENTURE FUNDS Lerner, Josh Entrepreneurship, Public Policy, and Cities |
| description |
Since the 2008-09 global financial
crises, interest among policy makers in promoting
innovative, high-potential ventures has exploded. The
emerging great hubs of entrepreneurial activity, like
Bangalore, Dubai, Shanghai, Silicon Valley, Singapore, and
Tel Aviv, bear the unmistakable stamp of the public sector.
Enlightened government intervention played a key role in
each region's emergence. But for each effective
government intervention, dozens, even hundreds,
disappointed, with substantial public spending bearing no
fruit. This paper sheds light on how governments can avoid
mistakes in stimulating entrepreneurship. In recent decades,
efforts have increased to provide the world's poorest
with financing and other assistance to facilitate their
entry into entrepreneurship or the growth of their small
ventures. These are typically subsistence businesses
offering services like snack preparation or clothing repair.
Such businesses typically allow business owners and their
families to get by, but little else. The public policy
literature, along with academic studies of new ventures,
often does not distinguish among the types of businesses
being studied. The author will focus here exclusively on
high-potential new ventures and the policies that enhance
them. This choice, not intended to diminish the importance
of efforts to boost microenterprises, reflects the
complexity of the field: the dynamics and issues involving
micro firms are quite different from those of their
high-potential counterparts. A substantial literature
suggests that promising entrepreneurial firms can have a
powerful effect in transforming industries and promoting innovation. |
| format |
Publications & Research :: Working Paper |
| author |
Lerner, Josh |
| author_facet |
Lerner, Josh |
| author_sort |
Lerner, Josh |
| title |
Entrepreneurship, Public Policy, and Cities |
| title_short |
Entrepreneurship, Public Policy, and Cities |
| title_full |
Entrepreneurship, Public Policy, and Cities |
| title_fullStr |
Entrepreneurship, Public Policy, and Cities |
| title_full_unstemmed |
Entrepreneurship, Public Policy, and Cities |
| title_sort |
entrepreneurship, public policy, and cities |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/11/18862585/entrepreneurship-public-policy-cities http://hdl.handle.net/10986/17601 |
| _version_ |
1764437953026719744 |