PRINT THIS PAGE US Global entrepreneurship Monitor: 2003 executive report21/07/2004. Source: GEM. Maria Minniti and William Bygrave 
After two years of decline, entrepreneurial activity in the US showed a marked improvement in 2003, according to the latest Global Entrepreneurship Monitor. The proportion of adults involved in entrepreneurial activity increased to 11.9 per cent, the seventh highest rate among the 31 countries surveyed in the GEM study.
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The GEM was created in 1997 as a joint research initiative by Babson College and the London Business School, supported by the Kauffman Centre for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation. The aim was to bring together leading scholars in order to study the complex relationship between entrepreneurship and economic growth.
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