Global experience shows that entrepreneurship stimulates job creation in the economy. The degree of entrepreneur success depends on the maturity of the underlying ecosystem. Traditional pathways for job creation and growth, however, are at risk of not producing enough jobs in the future.
The Government of Jordan has been encouraging entrepreneurship to shift these forecasts and accelerate the rates of job creation.
The entrepreneurship ecosystem in Jordan has been emerging over the last decade, but there are key challenges hindering its growth and connectedness. Jordan’s ranking in the Global Entrepreneurship Index, which measures both the quality of entrepreneurship and the extent and depth of the supporting entrepreneurial ecosystem in 137 countries, improved by 23 ranks between 2014 and 2018. According to the Global Entrepreneurship Index 2018, the score of Jordan is equal to the Arab region’s average score of 37%. — blog.wb.org/blogs
A version of this article appears in print on July 03, 2019 of The Himalayan Times.