Entrepreneurs are crucial to the digital economy and have shown resilience during the COVID-19 pandemic by utilizing information and communication technology to keep their businesses afloat.
This resilience has contributed to the overall resilience of the economy and society. Digital entrepreneurship can potentially become an engine of growth in the post-pandemic world.
Key Takeaways
- Singapore has the best digital entrepreneurship system globally, followed by the United States, Sweden, Denmark, and Switzerland.
- Developing Asian countries have room for improvement in their digital entrepreneurial ecosystems, with only a few performing well.
- Tailored policies on entrepreneurship and digitalization are necessary to enhance the quality of the entrepreneurial climate in different countries.
The region’s economies, with the exception of Singapore and the Republic of Korea, are lagging behind in terms of the environment for digital entrepreneurs, according to global rankings. However, policy makers can play a vital role in creating a conducive environment for dynamic entrepreneurs to thrive by facilitating digitalization and enforcing strong rule of law. By focusing on these two areas, policy makers can help foster innovative entrepreneurship and drive economic growth.
While becoming an entrepreneur is a risky individual choice, policy makers can create an environment that produces more innovative entrepreneurs who create jobs.
Entrepreneurs are crucial to the digital economy and have shown resilience during the COVID-19 pandemic by utilizing information and communication technology to keep their businesses afloat. This resilience has contributed to the overall resilience of the economy and society.
Digital entrepreneurship can potentially become an engine of growth in the post-pandemic world. While becoming an entrepreneur is a risky individual choice, policy makers can create an environment that produces more innovative entrepreneurs who create jobs.
| Rank out of 113 global economies | Score (0-100) | |
| Singapore | 1 | 81.3 |
| United States | 2 | 79.7 |
| Sweden | 3 | 79.6 |
| Denmark | 4 | 78.8 |
| Switzerland | 5 | 76.9 |
| Netherlands | 6 | 75.6 |
| Finland | 7 | 73.3 |
| Norway | 8 | 69.9 |
| Luxembourg | 9 | 69.6 |
| United Kingdom | 10 | 69.0 |
| Republic of Korea | 22 | 54.1 |
| Malaysia | 27 | 43.1 |
| People’s Republic of China | 39 | 35.3 |
| Georgia | 50 | 28.3 |
| Kazakhstan | 52 | 27.4 |
| Armenia | 58 | 26.0 |
| Thailand | 59 | 25.9 |
| Azerbaijan | 60 | 25.5 |
| Viet Nam | 63 | 23.1 |
| Indonesia | 71 | 20.4 |
| India | 75 | 19.6 |
| Philippines | 79 | 18.5 |
| Sri Lanka | 82 | 17.5 |
| Mongolia | 84 | 17.2 |
| Kyrgyz Republic | 88 | 15.2 |
| Tajikistan | 95 | 12.8 |
| Bangladesh | 96 | 12.5 |
| Pakistan | 97 | 12.3 |
| Cambodia | 101 | 12.0 |
| Nepal | 104 | 11.5 |
About the author
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Thailand Business News covers the latest economic, market, investment, real-estate and financial news from Thailand and Asean. It also features topics such as tourism, stocks, banking, aviation, property, and more.
