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Australia Rolled Out to be the Nation of Overseas Entrepreneurs

November 2014, 04
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Australia Immigrant Entrepreneurship
Australia is a country of immigrants especially of entrepreneurs, with more business activities adding up much to economy and fostering regions, while creating employment and wealth opportunities, research reveals.

Reportedly, immigrant entrepreneurs owned more than 50% of new business start-ups and seven percent of all minor businesses in London. Also, migrant enterprises attributed for more than 40 % of all businesses in Amsterdam, Vienna and Strasbourg.

Notably, 75,000 new overseas entrepreneurs established their business in Spain, 46,000 in Italy and 35,000 in France.

Sources revealed that with increase in unemployment, bolstering immigrant entrepreneurship has enormous potential to generate value-added employment in all sectors. It also said that overseas entrepreneurs play a crucial role to simulate minor businesses as their enterprises showed huge growth within past two decades.

It also stated that the country needs to identify the factors that support new business creation and understand the importance of entrepreneurship. Australia’s immigrants act as a major source of human capital, which is necessary for the advancement of every country’s entrepreneurial base.

Moreover, immigrant entrepreneurship will presumably revive diminishing regions, paying more to the country’s social and economic welfare. By means of working more time and making use of ethnic resources, immigrants possibly will facilitate transaction and production costs to assist unprofitable businesses in becoming more attractive.

Experts opined that overseas entrepreneurship is considered as an extra-ordinary opportunity for Australia to develop its economy. They also stressed that these innovators should be given equal socio-political and academic consideration, along with governmental support, to realize their potential as a major contributor.

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