Who Creates Jobs?
There is a consensus that jobs are vital in translating economic growth into lasting poverty reduction and social cohesion. But who creates jobs is an understudied field. This economic premise argues that there is a strong link between initial leve...
| Main Authors: | , , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/11/15479584/creates-jobs http://hdl.handle.net/10986/10072 |
| Summary: | There is a consensus that jobs are vital
in translating economic growth into lasting poverty
reduction and social cohesion. But who creates jobs is an
understudied field. This economic premise argues that there
is a strong link between initial levels of young and small
firms and subsequent job growth, as evidenced in India. The
economic geography of entrepreneurship in India is still
evolving. It is worrying that there are too few
entrepreneurs in India for its stage of development. Yet
there is no question that entrepreneurship works cities and
states that have embraced entrepreneurship have created more
jobs. However, the link between entrepreneurship and job
growth is not automatic. Cities that have a higher quality
of physical infrastructure and a more educated workforce
attract many more entrepreneurs. Supportive incumbent
industrial structures for input and output markets are
strongly linked to higher entrepreneurship rates. There are
many policy levers that can be used by policy makers to
promote entrepreneurial growth. Instead of being preoccupied
with firm chasing attracting large mature firms from other
locations policy makers should focus on encouraging
entrepreneurship in their communities. |
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