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2002 Global Entrepreneurship Monitor

The global economic slowdown has had a significant impact on global entrepreneurial activity, which dropped by 25 per cent last year, according to the Global Entrepreneurship Monitor for 2002. Particularly steep declines were recorded for the larger European markets, including a staggering 57 per cent decrease in France, a 42 per cent slide in Italy, a 35 per cent drop in Germany, and a 31 per cent decrease in the UK.

The good news is that although the average rates of entrepreneurial activity have fallen, the number of entrepreneurial individuals has risen substantially. In 2001 133 million people were engaged in starting a business, while in 2002 this had increased to 161 million. However, informal investment in start-ups counted for almost five times that of domestic venture capital support.

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© GEM 2002

The Ewing Marion Kauffman Foundation and its partners look beyond need to identify and develop pivotal opportunities in Kansas City and nationwide to help create successful businesses and improve the education of children. Established in the mid-1960s by the late entrepreneur and philanthropist Ewing Marion Kauffman, the Kauffman Foundation works to advance entrepreneurship by reaching individuals of all ages through the delivery of entrepreneurship education and development, and the promotion of an entrepreneurial environment. For more information about the Kauffman Foundation, visit www.emkf.org.

Babson College in Wellesley, Mass., is recognised internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program (recipient of the 2002 Theodore M. Hesburgh Award). It grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College (currently celebrating 50 years of Babson MBAs). Babson's School of Executive Education offers executive development programs to experienced managers worldwide. Babson Interactive LLC develops distance learning programs and business simulations for executives and graduate students. More information about Babson is available at http://www.babson.edu. 

London Business School is the graduate school of business at the University of London.  Founded in 1965, the School graduated 682 MBAs, MScs, Masters in Finance and PhDs from 69 countries last year. With 80% of students and 70% of faculty from outside the UK, London Business School is the most international institution of higher education in the United Kingdom. Each year executive education serves 5,000 executives on its programmes. Both the full time MBA and Executive MBA programmes are consistently ranked amongst the worlds best. For more information www.london.edu.