High-Growth Entrepreneurship in the MENA Region
The development in the Middle East and North Africa (MENA) region is experiencing a crucial stage. How the region addresses the employment needs of its rapidly increasing population of young people will determine whether the MENA region will become one characterized by stable, knowledge-based economies that have dynamic working middle class. Entrepreneurship is considered vital to drive this transition of the region. However, not all types of entrepreneurship can contribute equally to increased economic growth and job creation. For these reasons, entrepreneurship literature shows a renewed focus on high-growth entrepreneurship. Increased high-growth entrepreneurship is expected to not only spur job growth but also act as a significant source of innovation and new investments. This article explores the entrepreneurial ecosystem of the MENA region. The chapter discusses various challenges and provides specific recommendations to boost high-growth entrepreneurship in the MENA region.