General description Framework and institutional interventions are needed to harness the full potential of entrepreneurship and SMEs for improved economic performance.

At the same time, the institutional framework for the implementation of actions supporting women's entrepreneurship in Regional Operational Programmes is being completed.

Strengthening entrepreneurship

One approach to strengthening entrepreneurship has been to enhance the entrepreneurial traits of individual business persons.

Nigeria also welcomed Major Programme E, which provided assistance to improving the entrepreneurial and technical skills of rural and women entrepreneurs, as well as stimulating the productive capacities of micro, small and medium enterprises, especially in the agro industry sector.

Emphasis will be placed on entrepreneurship development, managerial and technical skill upgrading, quality improvements, application of appropriate technology and diversification into higher value added activities.

The purpose of Empretec is to help foster entrepreneurial capabilities and the growth of internationally competitive SMEs in developing countries.

Entrepreneurial framework conditions

Recognizing also that developing countries have varying capacities to translate scientific and technological knowledge into goods and services and to invest in human resources and entrepreneurial capacity building,

Elements of entrepreneurship and its relationship with economic development

The entrepreneurial framework conditions aim to enhance the skills and motivations of individual entrepreneurs.

Some theories for strengthening entrepreneurship

This process of WCO meetings and savings inculcates a discipline in the WCO, which greatly help in developing entrepreneurial abilities of the WCO members.

At the country level, the programme identifies promising entrepreneurs and provides them with training to strengthen their entrepreneurial talents (i.e. based on personal qualities such as the entrepreneurial traits referred to above) and business skills.

As a related measure and to set the agenda for entrepreneurship policy, the Commission published a Green Paper Entrepreneurship in Europe in 2003.

Furthermore, reinforced attention was to be given to rationalizing documentation, strengthening project management capacity and skills and developing information technology capacity within the subprogramme.

10 Jae kyoung Kim, Korea seeks major role in Asian market integration , Korea Times (13 May 2004) and Nomura Securities Co., Ltd., press release (8 December 2004).

International Labour Office (2005). World Employment Report, 2004 05. Geneva.

Nomura Security Co., Ltd. (2004). Arrangement of Korean collateralized bond obligation. Press release (8 December).

New York Oxford University Press.

In addition, efforts need to be directed towards entrepreneurship and investment promotion.

Programme Component E.2 Rural and Women's Entrepreneurship Development

(f) Small and Microenterprise Training (SMET) (Gaza Strip only)

Unleashing Entrepreneurship Making Business Work for the Poor.

Social Research, vol. 71, No. 2 (Summer, 2004).

Independent entrepreneurship presents certain attractions for women.

The services addressing the development of rural and women's entrepreneurship draw on the fact that sustainable poverty reduction requires the creation of industrial productive capacities based on a dynamic transition from agricultural to rural non farm activities.

Such coursework both prepares students for the rigours of managing enterprises, as well as helps facilitate a culture of entrepreneurship.

Additionally, young people highlight the need to invest in entrepreneurial activities for rural youth, e.g., by creating a fund for young rural entrepreneurs.

General description Up to two billion of the world's poor live in rural areas, out of which 60 per cent are women and girls who need to diversify the sources of their household income to non agricultural economic activities with higher returns in order to climb out of poverty.

Unleashing Entrepreneurship Making Business Work for the Poor.

An enabling environment encourages entrepreneurship, allows local companies to thrive and attracts foreign investment.

However, when entrepreneurship is presented as a gender neutral profession, men and women express a similar level of interest in becoming entrepreneurs.

This point is considered further in the following section, which explores theories for strengthening entrepreneurship.

The Government provides financial and technical support for establishing such mechanisms that are required to encourage women entrepreneur ship.

The EMPRETEC programme aims at promoting entrepreneurship in developing countries.

The promotion of such linkages should be seen as part of a broader strategy aimed at developing entrepreneurship and technological capabilities through programmes such as EMPRETEC.

Emphasis will be placed on entrepreneurship development (with special focus on rural and women's entrepreneurship), the development of horizontal and vertical SME networks for ensuring job creation and income generation, and the strengthening of agro based and agro related industries.

Furthermore, it can strengthen the entrepreneurial base in the host country by providing local entrepreneurs with management skills and new experiences.

The Commission considered the issue of how to unleash the potential of entrepreneurship in developing countries, including through the EMPRETEC programme.

These included habitat restoration, surveys of natural living resources and capacity building for both government and civil society institutions.

These included habitat restoration, surveys of natural living resources and capacity building for both government and civil society institutions.

At the same time, improvements are happening in developing countries in all regions, as well as in many transition economies, including such notable examples as Argentina, Jordan, Morocco, Nepal and Sri Lanka.4 With respect to closing businesses, laws and regulations exist in a number of developing countries that restrict the ability of enterprises to restructure or shut down.

The successful combination of the general national framework and entrepreneurial framework conditions should lead to offshoot businesses that will in turn lead to innovation and competition in the marketplace and, in the end, help to generate economic growth.

Women are very often either small entrepreneurs or sole proprietors.