The NFIB and SBA Office of Advocacy sponsored a pre-conference event for ICSB entitled “Global Perspectives on Entrepreneurship Policy.”
Chad Moutray, Office of Advocacy SBA
The first set of presenters examined the costs and problems of business entry. One of the presenters was Simeon Djankov of the World Bank, who discussed his findings on “Regulation as an Impediment to Entry in Developing Countries.” One of the main barriers to business entry and growth around the world is government regulation of small and medium enterprises. This study and the other presenters provided strong evidence of the impact of regulation on entrepreneurial economic activity. This position was reinforced by a comprehensive report from the Danish Commerce and Companies Agency entitled “Efforts to Reduce Administrative Burdens and Improve Business Regulation.”
The World Bank has issued a full report on the impact of regulations on economic growth: Doing Business in 2005.
A variety of other papers on the importance of education, banking deregulation and freer labor markets to support entrepreneurial development were also presented.
Throughout this pre-conference the themes of get government out of the way and educate entrepreneurs was reinforced through a variety of studies and reports.
Denny Dennis, NFIB
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