Belize joins the Global Entrepreneurship Monitor (GEM), through the execution of a Compete Caribbean project in Belize to strengthen the Economic Development Council (EDC) [BL-CC2037] and improve the business climate and entrepreneurship; Belize, for the first time, has joined the Global Entrepreneurship Monitor (GEM). Three members of Belize’s National GEM team are attending the annual meeting of GEM national teams in Santiago, Chile.
Other team members for Belize are representatives from the Ministry of Economic Development, the Directorate of Foreign Trade, and the Belize Agro-productive Sector (BAS Group). This national team will be the coordinating body for the two entrepreneurship measurement tools, the Adult Population Survey (APS) and the National Expert Survey (NES).
Notably, GEM is the largest single study of entrepreneurial activity in the globe, which is an academic research consortium that measures and monitors entrepreneurial development, and activities around the world. As the New Year slowly ages, Belize has seized another remarkable opportunity to network with 80 economies, including the other Caribbean countries, such as Barbados, Jamaica, OECS, Suriname, and Trinidad and Tobago.
A country like Belize can benefit significantly from this membership. As these two distinctively designed surveys dissects a nation’s various economic, social, and well-being indicators, which can paint a clear picture or diagnosis of data relating to the three key types of entrepreneurship: force drive, efficiency driven and innovation driven. From this diagnosis, Belize can analyze entrepreneurship bottlenecks, economic development opportunities; but most importantly design and execute more impactful policies and initiatives for enterprise development. Continue reading “Global Entrepreneurship Monitor”