Globalization and Entrepreneurship

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Globalization Trends and Threats? The point is that we are in an economical downturn were the end is not foreseen until now. Actually, until now, no one knows the extension of the damage that the greed of half dozen will cause to the global economy. We are seeing recession in many developed countries and the "wave" is now arriving to the BRIC group and others. For example, India has many companies that provide outsourcing services to global companies, China produces equipments, and Brazil supplies commodities and Russia petroleum and gas (just some examples, not a comprehensive list or limited).

Small and Medium Business (SMB) have, and always had, a special role in regional economies and employment, to accelerate the turnaround of this international crisis, it is a key issue to leverage globalization and entrepreneurship SMBs and start-ups.

It is the same strategy of the Internet beginning with the military application. Do not depend on one spot only. Divide the intelligence on several servers and geographically separated. So, if one spot blows up the net will continue working perfectly.

Making an analogy with SMBs, if we have a network of small entrepreneurs working and trading globally, the effects of local and global crisis will be mitigated in their businesses, because the connections and relationships worldwide will facilitate new opportunities, the research and discovery of new places where the crisis didn't have large impact or had less effect.

That's why I believe in initiatives that leverage entrepreneurship and support small and medium business, and the possible impacts of it's' success on people's life.

I am highlighting this matter because I just read some news of the World Economic Forum, where an executive made a statement that governments should help the market now and then quit because they aren't efficient market managers.

I am not so sure that the market works as it should do.

To be clearer, it does not work!

Despite all theories and free market evangelists. It needs to have strong regulations! As kids need to know their limits when educating them, the greed and unlimited need to create value to the shareholders and bonus to the board need to have control.

Mario luis Tavares Ferreira is a seasoned senior manager, entrepreneur, with a broad technical background, developed two high tech start-ups, developed business in half dozen countries, has active participation on diverse Linkedin groups and is developing a non-profit project to leverage SMB and Start-up development. For more information please visit my website at  globalentrepreneurship.wordpress.com.

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