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GEM Report: Mexico Must Continue to Facilitate New Business Creation With Better Programs and Public Policies
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The national study for the 2021/2022 edition of the GEM global report was prepared by researchers at EGADE Business School, the School of Government and Social Sciences, and the Eugenio Garza Lagüera Entrepreneurship Institute of Tec de Monterrey.

By INSTITUTIONAL COMMUNICATION | EGADE BUSINESS SCHOOL

The COVID-19 pandemic, together with other global threats such as social and economic inequality, climate change and the reduction in global biodiversity, are forcing us to rethink the way business is conducted across the planet.

In this context, Tecnológico de Monterrey collaborates with the Global Entrepreneurship Monitor (GEM) to generate data-driven evidence on cross-national entrepreneurship dynamics indicators.

GEM is the only international initiative that directly surveys entrepreneurs and experts in the entrepreneurial ecosystem, providing a snapshot of how entrepreneurs’ attitudes, perceptions, intentions, motivations and activities evolve year by year across the world.

The results of the National Expert Survey (NES), found in the 2021/2022 GEM global report called Opportunity Amid Disruption, indicate that Mexico scores above average in the areas of financing and infrastructure (commercial and physical), beside other economies whose Gross Domestic Product per capita is comparable to that of our country, such as Colombia, Egypt, India and Iran, among others.

The United Nations Sustainable Development Goals point to the critical need to transform business, in order to protect the planet and assure the well-being of present and future generations,” said José Ernesto Amorós, National Director of Doctoral Programs at EGADE Business School and member of the GEM project Governance Board. 

Entrepreneurs, Amorós added, form part of this ever-changing landscape, while GEM is a source of diagnostic tools for public policy makers to generate a favorable environment that will allow new businesses to provide solutions to the most challenging social problems.

Some of the study’s recommendations for Mexico have to do with maintaining efforts to digitize government procedures for setting up a new company or paying taxes; strengthen public-private research and development initiatives; and promote knowledge and technology transfer by linking academia with the local elements of global value chains.

The GEM project has been coordinated in Mexico by Tecnológico de Monterrey since it was launched in 2001.

In 2021, the members of Tec’s national team that carried out this work were Amorós, who is also the GEM national representative in Mexico; Elvira Naranjo, Research Professor at the School of Government and Social Sciences; and José Manuel Aguirre, Director of the Technology Park Network, Eugenio Garza Lagüera Entrepreneurship Institute.

View the full report hereGlobal Entrepreneurship Monitor 2021/2022: Opportunity Amid Disruption.

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