Singapore ranks second, just behind the United States, in having
the highest level of total entrepreneurial activity among 25 selected
economies globally, according to the Global Entrepreneurship Monitor
2012 Singapore Report.
The report, a study
carried out by Singapore’s Nanyang Technological University (NTU) and
made public on April 30, showed that more people are setting up
businesses in Singapore than in many other parts of the developed
world.
The report is part of the annual Global
Entrepreneurship Monitor (GEM), a worldwide study by a consortium of
universities in 69 countries. Conducted since 1999, GEM is a leading
international indicator of entrepreneurial activity, providing valuable
insights into the state of entrepreneurship within and across developed
and developing economies.
In terms of
financial support and government policies, Singapore also had the
highest scores compared to the other 24 economies.
Another report, the Ease Doing Business 2013 ranked Singapore the
best country to do business in the world. This is the seventh year
Singapore has taken the top spot on the Doing Business report compiled
by the World Bank and the International Finance Corporation (IFC).-VNA