Tag: GEM
Entrepreneurship in Latvia and Other Baltic States: Results from the Global Entrepreneurship Monitor
![Entrepreneurship in Latvia Policy Brief Image](https://i0.wp.com/freepolicybriefs.org/wp-content/uploads/2013/11/20131104-Entrepreneurship-in-Latvia-Image-01.jpg?fit=1440%2C961&ssl=1)
This policy brief summarises the results and implications of an upcoming Global Entrepreneurship Monitor (GEM) 2012 Latvia Report: a study on the entrepreneurial spirit and the latest trends in entrepreneurial activity in Latvia. The results suggest that Latvia is a rather entrepreneurial country (it rates second out of all EU countries by the share of population in early-stage entrepreneurial activity). GEM also finds that Latvian early-stage entrepreneurial activity is counter-cyclical. Early-stage entrepreneurship and self-employment have been important supports for those who were hit by the crisis in 2008-2009. Latvian entrepreneurs are measured to have strong international orientation and growth ambitions. The majority of them are young and middle-age males; in turn, females and the older age group (55-64) represent an “untapped entrepreneurial resource” potential to be addressed by policymakers.