Social Innovation

These are the best economies to be a social entrepreneur

A worker prepares the runway before the Marc Jacobs Spring/Summer 2017 collection presentation at New York Fashion Week in Manhattan, New York, U.S., September 15, 2016

Image: REUTERS/Andrew Kelly

Joe Myers
Writer, Forum Agenda
Share:
Our Impact
What's the World Economic Forum doing to accelerate action on Social Innovation?
The Big Picture
Explore and monitor how Canada is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Canada

For more information on social entrepreneurship, watch the From Hero Entrepreneurs to Systems Change - The Future of Social Enterprise press conference from the World Economic Forum's Annual Meeting 2017.

It’s a growing movement across the globe, with the power to change societies and lives. In areas from healthcare to education, social entrepreneurs are using business know-how to help solve difficult problems.

And these are the economies doing it best.

Top 10 best economies for social entrepreneurship
Image: Thomson Reuters Foundation

The Thomson Reuters Foundation, along with Deutsche Bank, UnLtd and the Global Social Entrepreneurship Network, have released a ranking of social entrepreneurship in the world’s 45 biggest economies, which assesses the environment for social entrepreneurs.

The United States takes top spot, scoring highly across all areas. Second is Canada, while the UK ranks third.

____________________________________________________________________

____________________________________________________________________

As the map highlights, the top 10 has an international look: from Chile to South Korea, social entrepreneurship is growing across the world.

Described as “the world’s first” expert poll on the subject, it explores strengths and weaknesses around the world. Twenty experts in each of the 45 economies were contacted.

Questions included whether conditions are favourable for social entrepreneurs to start and grow their business, and the ability of social entrepreneurs to attract staff. You can view the full list here.

Why social entrepreneurs matter

Combining standard business models to drive sales and revenue with passion and values, social entrepreneurship can help tackle the world’s problems.

“Over the past couple of decades, a distinct, more entrepreneurial approach to alleviating the problems associated with poverty has emerged,” write Hilde Schwab, Chair and Co-founder, and Katherine Milligan, Director and Head of the Schwab Foundation for Social Entrepreneurship.

Whether it's encouraging composting in India, IT training for unemployed, young South Africans, Fairtrade Ghanaian chocolate or a global programme to provide reading material digitally, social entrepreneurs break down barriers between business and charity, and use their passion and purpose to generate real change.

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

How the right legal frameworks can catalyze a social enterprise surge

Isis Bous and Allison Laubach

June 4, 2024

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum