Frontier -- Trends
Startups in Brazil
Looking for the next entrepreneurial hot spot? Head to Brazil. The South American nation has the highest rate of startup activity in the world, according to the Kauffman Center for Entrepreneurial Leadership's 2000 Global Entrepreneurship Monitor. One in eight Brazilian adults is attempting to start a new business, the survey found. That compares with one in ten in the U.S. and one in twelve in Australia. Brazil also was the most hospitable to women entrepreneurs, with women starting one new firm for every 1.6 started by a man.
Why Brazil? Good question, says Kauffman Center researcher Michael Camp. Brazil's economy has been growing since the government abandoned longstanding price and currency controls. But this is the first year researchers have looked at Brazil, and Camp says the country's strong showing may be a statistical anomaly.Edited by Kimberly Weisul