Examples of policy measures on entrepreneurship and the SDGs (Lorenzo Tosini) - YouTube

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The agenda for sustainable development integrates global goals on environmental
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social and economic development into a single structure and maps out a series
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of more precise targets to be achieved by 2030. Bringing the goals together in a
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single overarching agenda is an acknowledgment that sustainable
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development requires simultaneous progress on three fronts with economic,
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social and environmental issues tackled in an integrated manner. Sustainable
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development for example has been at the heart of Malaysia's development approach
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since the 1970s with an emphasis on eradicating poverty, improving the
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well-being of people, providing universal access to education and caring
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for the environment. In 2009 the country renewed its commitment to sustainable
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development when it launched the new economic model which features three
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goals: achieving high income; inclusivity and sustainability. Malaysia is therefore
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not starting anew on its pathway to sustainable development but it is a
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process already in motion. The country has made significant progress on all
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dimensions of the SDGs and is put in place concrete measures to
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take them forward. To promote stakeholder participation, Malaysia established the
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multi-stakeholder participate or governance structure to support SDG
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implementation. It held national SDG symposiums and a mapping exercise with
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civil society and the private sector to align the SDGs with the national
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development plan. The voluntary national review reports are a testimony to
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Malaysia's continued commitment to achieve the 2030 agenda and illustrate
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the country's progress toward SDGs implementation. In their efforts to
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implement the SDGs, countries can adopt national entrepreneurship policies to
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create and enabling entrepreneurial environment that encourages entrepreneurs to engage
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in the creation of new businesses that will contribute to job creation and
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economic growth while fostering social inclusion and addressing environmental
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challenges. Entrepreneurship policies may also focus on critical aspects such as:
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alleviating poverty while engendering inclusive growth; addressing global youth
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unemployment; promoting gender equality and enhancing women's economic
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empowerment; supporting environmental sustainability using efficient products
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processes and practices. An example of our countries can integrate the
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achievement of targets set out in the 2030 agenda for sustainable development
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international entrepreneurship policies is offered by Ethiopia's growth and
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transformational plan 2016-2020. The plan identifies entrepreneurship and the
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micro small and medium-sized enterprises sector as a critical element in
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increasing women's income through job creation and addresses economic
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empowerment of women and youth. At the same time the national action plan for
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gender aims to eliminate gender and cultural biases that hinder women from
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engaging in economic activities. Legal frameworks can hinder and in some cases
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exclude groups of people from engaging in business activities. Laws and
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regulations that discriminate against women's involvement in business
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activities in some contexts for example, not only limit women's economic
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opportunities but also contribute to greater gender inequality and increased
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poverty among women and girls. Chile has been recognized as having the most
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conducive business climate for women entrepreneurs
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in Latin America and the Caribbean by The Economist women's entrepreneurial
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venture scope. The country's low corporate taxes, highly supportive
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business climate, a simplified tax regime that facilitates startups, an adequate
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provision of social services for female entrepreneurs makes it an ideal environment for
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women entrepreneurs. That is a very good example of how a country can promote
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women's economic empowerment and equal rights. Public procurement represents a
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significant proportion of country's gross domestic product. With the growing
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realization that public procurement can contribute to sustainable development by
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promoting social inclusion and environmental protection, efforts are
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being made at the national and international levels to use public
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procurement to stimulate demand and supply of products and services that
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contribute to social and environmental objectives. South Africa has implemented
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policies aimed at integrating previously disadvantaged communities into the
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mainstream economy including black, women, as well as persons with disabilities.
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As part of its broad-based black economic empowerment strategy and the
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preferential procurement Act, the country provides preferential at allocation of
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contracts to disadvantaged communities thus fostering social inclusion. Aspiring
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entrepreneurs from socially disadvantaged groups face unique
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challenges that hinder them from effectively engaging in business
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activities. Evidence suggests that mentoring can increase the likelihood of
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aspiring entrepreneurs to engage in business activities and to enter into
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self-employment. Across regions, networks have been established to support
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entrepreneurs from disadvantaged groups. In Brazil, for instance, the youth led
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organization Engajamundo, fosters interactions between Brazilian youth and
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international conferences related to the environment, social development and
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gender. It promotes the engagement of young people in negotiations and
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solutions for sustainability. Entrepreneurship can transform
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industries and markets and contribute to the development of the green and blue
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economy. The concept of blue economy recognizes the need to maximize the
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enormous potential of the world's oceans and the need to preserve this important
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natural resource. Blue economy can also be a driver of sustainable growth and
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development for small island developing States and policy makers can design
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effective support measures to promote entrepreneurship and enhance the
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sustainable use of oceans and their resources.
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The government of Seychelles, for example, launched the Seychelles Blue Economic
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concept in 2014. It focuses on the sustainable development of ocean-based
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economic enterprises and encourages the formation of new blue economy
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enterprises promoting blue economy careers among the youth. The Seychelles
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Blue Economy Incubator program is a startup incubator that encourages young
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ambitious entrepreneurs to develop innovative business ventures that will
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become leading ventures in the blue economy. Entrepreneurship can contribute
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to sustainable development and the achievement of SDGs and has the potential
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to address development challenges. In particular poverty and exclusion as well
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as environmental concerns. Policymakers can create an enabling entrepreneurial
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environment by developing entrepreneurship policies that integrate
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and align sustainable development goals into an overarching national
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entrepreneurship strategy. The examples we have just seen are initiatives that
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have shown positive results and can help entrepreneurship for sustainable
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development to emerge.