|Avoiding_2.pdf||Avoiding_2.pdf||3 885,89 Kb||10.10.2017|
Ahead of the G20 Young Entrepreneurs’ Alliance (YEA) summit in Sydney between 18-21 July, EY has launched Avoiding a lost generation – ten key recommendations to support youth entrepreneurship across the G20. The report, put together in collaboration with the G20 YEA, identifies and analyzes the different youth unemployment issues faced by countries across the G20 and seeks to offer actionable recommendations, as well as providing examples of successful entrepreneurship schemes and policies already in place. The G20 YEA summit will feed recommendations into the G20 Leaders’ Summit taking place in Brisbane in November, which has a clear focus on global employment.
Youth unemployment remains high, at 16% across the G20 nations. Encouraging entrepreneurship is widely seen as one of the solutions to the problem, thanks to the jobs a vibrant entrepreneurial organization can create. Indeed, recent EY studies show that entrepreneur-led businesses will create more jobs than large corporates over the coming year – with 76% of entrepreneurs saying they’ll expand their workforces in 2014 compared to 31% of senior executives at large corporates.
Recognizing that there is no one-size-fits-all solution is key to the report’s findings, which analyzes the different challenges faced by G20 countries using a new methodology which helps countries identify where to look amongst fellow G20 members for the right solutions to the issues they face.
The report includes analysis of schemes currently in place across the G20 and beyond to develop 10 key recommendations for action that will be presented to the G20 YEA Summit, these are:
Executive summary 02
Setting the scene 12
Access to funding 20
Tax and regulation 30
Entrepreneurship culture 36
Developing an entrepreneurial ecosystem 40
Diagnostic methodology 44