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US PROMOTES ENTREPRENEURSHIP TO COUNTER EXTREMISM

Published by Gbaf News

Posted on November 21, 2014

1 min read
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US Advocates Entrepreneurship at Summit

MARRAKECH, Morocco (AP) — Vice President Joe Biden has urged the governments in the developing world to encourage entrepreneurship as a way of combating extremism at a conference in Morocco.

The 5th annual Global Entrepreneurship Summit brought together thousands of officials, businessmen and young entrepreneurs from around the region over the need to encourage young people to start businesses.

Biden Cites Job Creation Challenges

Biden said: “In the Middle East and Africa, for example, there is a race to create tens of millions of jobs just to break even as the demographic wave of young people enters the labor force.”

Barriers Facing Young Entrepreneurs

Middle Eastern economies are dominated by government companies and large family-owned conglomerates and young entrepreneurs receive little encouragement.

Link Between Unemployment and Extremism

High youth unemployment has been cited as one reason citizens of countries like Morocco and Tunisia often join extremist groups.

Key Takeaways

  • US Vice President Joe Biden promoted entrepreneurship at the 2014 Global Entrepreneurship Summit in Marrakech as a strategy to counter extremism through job creation.
  • Biden emphasized the need for education systems that encourage questioning orthodoxy, rule of law, freedom of expression, and anti‑corruption to foster entrepreneurial climates.
  • The summit highlighted the demographic challenge of rapidly growing youthful populations in the Middle East and Africa and the urgent need for job creation.
  • US initiatives included supporting startups, improving access to capital, and encouraging governments to reform regulations to nurture entrepreneurship.
  • Morocco served as the host, underscoring global collaboration in addressing extremism through economic empowerment.

References

Frequently Asked Questions

Why is entrepreneurship seen as a way to counter extremism?
By creating jobs and economic opportunity, especially for young people, entrepreneurship helps reduce the appeal of extremist groups as alternative sources of identity or income ([ksl.com](https://www.ksl.com/article/news/business/us-promotes-entrepreneurship-to-counter-extremism/32431224?utm_source=openai)).
Why was the summit held in Marrakech, Morocco?
Marrakech hosted the 5th Global Entrepreneurship Summit in November 2014, chosen as the first African venue to highlight entrepreneurship as a global development tool ([en.wikipedia.org](https://en.wikipedia.org/wiki/Global_Entrepreneurship_Summit?utm_source=openai)).
What key policy elements did Biden advocate?
He called for education systems that encourage skepticism, legal systems that fight corruption, freedom of expression, fair access to capital, and streamlined regulation to enable innovation ([ksl.com](https://www.ksl.com/article/news/business/us-promotes-entrepreneurship-to-counter-extremism/32431224?utm_source=openai)).

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