The Inter-American Development Bank (IDB) has published the study Is Entrepreneurship a Channel of Social Mobility in Latin America? in which its authors, Francesca Castellani and Eduardo Lora, find that entrepreneurship doesn’t occur among people by chance. In fact, the evidence shows that entrepreneurs are found more frequently among higher-income groups who have more probability of having experienced intergenerational social mobility – that is, who have more years of education than their parents. The authors also show that in Colombia, for example, entrepreneurship is more common among more educated older men. In Uruguay, the children of entrepreneurs receive more years of education than the children of those who are not in business, regardless of the education level of the parents. The results of these two countries suggest that entrepreneurs are as much the result of more social mobility, as they are the cause of it. In Mexico, the authors found that the probability of becoming an entrepreneur increases when the father has also established a business of his own, which suggests that there is a high “model to follow” effect.
Give a more longer term perspective of Economic trends and the Macroeconomic and Monetary Interdependence of the Global Economy. With the Background of this approach the blog will deal with the implications for Investment decisions. The author believes that China and the Asia Pacific Region are and will be the powerhouse for the global economic growth for years to come. It will also cover IT because of its momentum driver for economic growth.
Wednesday, 18 December 2013
Popular Posts
-
The WSJ reports " Tencent said Friday it will spend $736 million to take about 20% of 58.com , a Chinese site comparable to C...
-
Singapore has overtaken Japan as Asia's biggest Fx centre for the first time, and risen to the third place globally(behind London and ...
-
"Just how dominant is Alibaba in China’s booming e-commerce market? In 2012, the homegrown Amazon /EBay mashup accounted for 70 per...
-
Like the idea of technology that wraps around a body part, displays the time and connects to your smartphone? No, we aren't talking ab...
-
A former Japanese pension fund manager arrested in Thailand last week enjoyed an extravagant life prior to fleeing Japan. Last Friday, ...
-
Everyone loves seeing a world record broken, especially when it involves exceedingly fast things. Nic Case recently set out to break his...
-
The U.S. economy in 2014 is likely to record another disappointing year of growth, according to the latest Wall Street Journal survey o...
-
U.S. crude stocks rose unexpectedly last week even as refineries hiked output, data from the Energy Information Administration showed on We...
-
Unveiled at a private event in London last week, the first design from newly founded David Brown Automotive was made available to a selec...
-
Copper slipped to its lowest in nearly three months on Thursday, weighed down by concerns over demand from top consumer China while growing...