Indonesia: Best Place for Entrepreneurs

May 31, 2011

Unlocking Word Meanings
Read the following words/expressions found in today’s article.

1. trail (v.) – to fall or drop behind something
Example: The young runners trail behind those with more experience.
2. innovation (n.) – a new idea or invention that is introduced
Example: The telephone is a great innovation of the 20th century.
3. thrive (v.) – to be successful, grow, or develop
Example: Entrepreneurs can easily thrive in countries where they are supported.
4. subjective (adj.) – something that depends on one’s opinion and not on data that can be easily measured
Example: To say that a person is pretty can be subjective.

5. democracy (n.) – a form of government in which individual people have the power
ExampleDemocracy is different from monarchy in which kings and queens rule.

Read the text below.

In a recent survey made for the British Broadcasting Corporation (BBC) World Service, Indonesia is named as the world’s best place for entrepreneurs. Following the top spot are US, Canada, India and Australia, while Colombia, Egypt, Turkey, Italy and Russia trail behind.

Based on the opinion of 24,000 people from 24 countries, the results were gathered by asking participants four questions: (1) if innovation is encouraged in their countries; (2) if entrepreneurs are given importance; (3) if they can easily start a business; and (4) if their unique ideas can be easily implemented.

Results also show that entrepreneurs will thrive in most wealthy countries except in Italy. Surprisingly, they will also do well in countries that are still on the verge of development, such as Nigeria, India and China.

While the results in some regions are similar, there are significant differences in others. Four countries from East Asia and Pacific scored high, while two countries from Africa scored average. In contrast, Mexico, Peru, Brazil and Colombia—all from Latin America—have different scores. The same case applies in Europe wherein Germany, UK and France are seen as more entrepreneur-friendly compared to Italy and Spain.

Despite being subjective, the results reflect only the general opinion about these countries. For instance, democracy in US is seen to be good for private business; while strong government control in Russia is not.

Some of the results came out unexpected. France scored high despite its strict labor laws, and Nigeria scored high as well despite its problems with corruption.

Viewpoint Discussion
Enjoy a discussion with your tutor. 

Discussion A

·         Are starting entrepreneurs supported in your country? If yes, how? If no, why?
·         In what ways do you think can the government support starting entrepreneurs?

Discussion B

·         What do you think are the challenges of starting a business?
·         What do you think are the advantages of having your own business?

May 31, 2011