US promotes entrepreneurship to counter extremism

Image
AP Marrakech (Morocco)
Last Updated : Nov 21 2014 | 12:30 AM IST
The US is promoting entrepreneurship in the Middle East and North Africa as a way to create jobs and counter extremism in the region, senior American officials said today at a conference in Morocco.
The environment needed to encourage these new businesses is difficult to find, however, in the highly regulated economies of the region.
"We don't have a culture of innovation," said Anis Aouni, a Tunisian inventor from Saphon Energy whose new model of a wind turbine was being showcased by Microsoft.
But US Vice President Joe Biden and other American officials attending the 5th annual Global Entrepreneurship Summit in Morocco were hopeful of change.
Biden called for education systems that questioned orthodoxy, well-defined legal systems that fight corruption and freedom of expression, elements that local activists have said are in short supply in the Middle East and North Africa.
"You cannot think different where you cannot breathe free," said Biden, using the famous slogan of Apple founder Steve Jobs. "You cannot think different when you cannot challenge orthodoxy. You cannot think different where you cannot speak your mind."
He added that the countries in the Middle East and Africa are racing to create tens of millions of jobs as their overwhelmingly young populations enter the work force.
US Commerce Secretary Penny Pritzker told The Associated Press that governments in the region were coming around to the importance of entrepreneurship as a way of employing the masses of young people not finding work in the current economies.
"We have heads of countries who have gone from no understanding of entrepreneurship to how do we do it the way you do it in the United States," she said.
"What they see is job creation, greater economic growth potential, security and stability, not allowing idle minds to find trouble."
The speech by Moroccan King Mohammed VI, read out by Prime Minister Abdelilah Benkirane, gave strong support for supporting young businesses and many attending the conference expressed hope the business environment in Morocco would improve.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 21 2014 | 12:30 AM IST

Next Story