Emerging Tech

Entrepreneurs To The Rescue As Recession Swirls

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Executive Summary

Governments around the world have spent trillions of dollars to save banks, automakers and insurance companies, but the author, calls that a mistake. Big corporations that benefit the most from the bailouts won't save the world from economic crisis, he says. The bulk of new jobs, products, services, economic stimulus and philanthropy will come instead from entrepreneurs ready to pounce on new opportunities in the changed economy. "The entrepreneurial community is the one that is going to bring the economy back," the author says. "They will make the greatest contribution in net employment and the greatest contribution in new products and services. It's not going to be large corporations, which is where the government is spending money."

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