The Greatest Global Error of Economic Thinking

Caterpillars are always dreaming of flying: Well, if an economist were ever to laugh at a caterpillar for dreaming of flying not only becomes instant proof of a lack of knowledge on metamorphosis, just like when calling a baby elephant too small is a lack of knowledge on zoology. SME economic development needs great minds with big enough visions to grasp the big-size growth hidden in the big pictures within our big and wide open and constantly expanding world. Henceforth, not understanding the ‘entrepreneurial metamorphosis’ is the greatest global error of economic thinking.

The mysteries of the cataclysmic entrepreneurial metamorphosis: The absence of such skill gaps have wiped out nations’ entrepreneurial developments and scattered their SME sectors in disorder and neglect. Study some 50 struggling economies and tens of millions of SMEs under their rudderless Ministries, unaware of what is in front. Study 100 top global enterprises and observe their growth patterns. What chemistry and bio-synthesis of mind and energy are systematically applied when tiny unknown ideas are blended with entrepreneurial geniuses to create global giants? No need to assume anything accidental in such transformational processes as they are all about the unique entrepreneurial mysticism; they are about the magical crystallization of the founder’s vision at play. Sink or swim, world economies without uplifting their SME sectors are doomed. No further proof is required.

No, this is not an academic study but an entrepreneurial response to an entrepreneurial reality. There are already hundreds of academic studies on SMEs, all meticulously detailed on numbers but critically needing an actual discussion or analysis about entrepreneurialism. It is like watching a movie on Tarzan, where the filming is all about the precise measurements of his bow, arrow, knife, and underwear, but nothing about who he is, where he came from, how he became Tarzan, why loved by animals, and why is Jane chasing him and why he is called, the King of the Jungle.

Understanding the mindsets: Who creates an airline? Creating a global airline is purely an entrepreneurial task; study the creation of the last 100 airlines. Suppose there are already a million entrepreneurs, each creating a million jobs. Why shouldn’t we identify some Nobel Prize Winners in Economics and check if they ever made one such single enterprise? Job seekers’ mindsets help grow an enterprise. In contrast, job creator mindsets and originators of the ideas and creators of that enterprise in the first place. Lack of knowledge of the Mindset hypotheses automatically becomes the second most critical error of economic development thinking across the world’s free economies.

Understanding Entrepreneurial Intellectualism: Entrepreneurialism is neither academia-born nor academic-centrist. Entrepreneurialism is not “Explicit Knowledge” like ‘accounting’ or ‘draftsmanship,’ usually written out, practiced, and learned. Entrepreneurialism is “Tacit Knowledge,” something that cannot be written like ‘riding a bike’ or swimming,’ something that a person knows through deep immersion and close engagement. The most significant error of the economic intelligentsia is trapped in their glorification and ignoring the hidden intellectualism of entrepreneurialism.

Understanding nation mobilization of entrepreneurialism: Facing economic future and restless citizenry? Observe, as no other experiment of human endeavor is as successful as America, where some 100,000 entrepreneurs carved out the ‘image supremacy’ of the USA on the world stage for the last couple of centuries. Notice how within the last decade, India and China created some 500 million new young entrepreneurs; now Africa alone can produce 100 million new entrepreneurs too in the coming years. Therefore, study why it is so and what is stopping this in your specific regions. The most significant visible gaps in the free world’s economic ministries are the need for more articulation on such topics. The challenge of shaping free economies of the world is very real.

Open challenge to current economic development models: It takes ten days to firm-up policies to start an SME sector digitization program. It takes 100 days to mobilize and place 1000 to 100,000 SMEs on digital platforms. It takes 1000 days to have a bouncing economic development and global activities. So at what speed is the SME uplift moving? It takes 1000 days to become a top-class economic development game player. It takes 100 days for deep immersion to become a champion of digital transformations. It takes ten days of intense workshops to articulate such senior-level discussions. What are the critically missing links in your departments? How is the world moving?

Nations ready to lead an internal economic revolution: What are the first five steps to get all the right team engaged, all the high profile SMEs identified, digitized, and ready to ride digital platforms of exportability in place to start national mobilization of entrepreneurialism? How can regions fully understand the new economic thinking “National Mobilization” + ” SME Digitization” = “Global Commercialization.” How fast can Economic Development teams learn new deployment methodologies to uplift national SME sectors and improve productivity, performance, and profitability for growth?

The wide-open world is always hungry for quality value: Millions of potential markets out there need quality goods and services with value. Only trained and productive mindsets can stand up to the global age of competitiveness. Only nations capable of national mobilization of entrepreneurialism can achieve such tasks. Hence, the new global age skills, knowledge, and execution are now the missing links. Study Expothon Worldwide, how tabling blueprints on the national mobilization of entrepreneurialism on digital platforms allows 25% to 50% of high-profile SMEs to quadruple exportability as a national agenda. 

Economic revolution is only complete with the youth and the women. Therefore, observe and optimize the hidden talents of the national youth, nurture, and energize the innovative and entrepreneurial women as the two wheels of the economic cart. Moreover, if the future is essential, the role of entrepreneurial women and energetic youth is the engine to drive forward; therefore, study wisely.

Action plan: What types, styles, and levels of national mobilization apply in regions and what customized fast-track training is required in your economic development departments is now a hot topic. Step-by-step advancements: Start with 25% to 50% high-potential SME groups, and engage critical local trade groups, chambers, and trade associations. Bring all under a clear, bold message under one national umbrella to drive the SME economy. Study more on Google.

Recommendations: Openly discuss when it takes only ten days to debate, strategize and finalize a national mobilization program and when it takes 100 days to organize digital platforms to deploy 10% to 50% of selected SMEs on digital platforms and another 1000 days to turn around small, medium business economies so what are the hurdles, what are the alternate solutions. How can you lead and develop local and regional programs and acquire mastery of such transitions? The rest is easy.

Naseem Javed
Naseem Javed
Naseem Javed, a Canadian born in a printing publishing family of small merchants, settled over two centuries surrounding the Red Fort in Chandni Chowk, Delhi, India. Educated and raised in Karachi, Pakistan, and arrived in Canada fifty years ago. He spent years at the 1976 Montreal Summer Olympics and learned how to create and develop global-stature organizations and events. Acquired global experiences, serviced dozens of Fortune 500 companies as a senior advisor over 25 years, and learned how to commercialize, monetize, and popularize complex ideas globally. Later, in 2000, Naseem took a sabbatical when he noticed markets lost the art of value creation and adopted value manipulation when one million dollar turnover factories traded as 100 million dollar operations in stock exchanges. He took all his high-value knowledge and experiences, placed them in a shoe box, and almost free for the world's 100 million Small and Medium Enterprises. He developed The National Mobilization of Entrepreneurialism Protocols. The rest is history. Now highlighted as a corporate philosopher, the Chair of Expothon Worldwide, and recognized authority on new economic thinking, where the mobilization of small and medium business entrepreneurialism is tabled as the savior of already struggling economies. Expothon has been sharing weekly information with some 2,000 senior officials at the Cabinet level in around 100 countries for the last 50 to 100 weeks. The narratives are an open challenge to current economic development and offer pragmatic solutions and new thinking on mobilizing the untapped talents of the national citizenry. He is a world-class speaker and author, gaining global attention.