The World Bank recently offered new ideas in a study, “Middle-Income Trap” Hinders Progress in 108 Developing Countries …
The recognition of “the Middle-Income Trap” is offered, but it must equally acknowledge the “Mindset Trap” as, without this correction, there seems to have been no improvement during the past decade.
Here is an entrepreneurial response to the entrepreneurial realities in bold entrepreneurial language that reflects directly on current economic intellectualism. It is offered as a collaborative synthesis to rescue over 100 free economies gasping for solutions.
Mathematical illustrations, like architectural renderings, are often far from the cemented skyscrapers’ actual construction sites. What can be totaled, balanced, projected, and concluded mathematically is usually the opposite of what happens on the actual tactical battlefield of reality. This stark contrast underscores that Entrepreneurialism is always a series of live acts on the tactical battlefield, not a theoretical exercise in a corner office.
Middle-income entrapment, but fixing the entrepreneurial way
Open challenge: What superior entrepreneurial expertise can a top national economic development team present that parallels their doctrines? On the other hand, entrepreneurialism is always ready to shamelessly open to argue, debate, and prove their points to the most powerful and harsh disagreements from anywhere.
Fact: There are no master’s degrees or doctorates in entrepreneurialism.
For example, Bezos or Job did not require a Master in Entrepreneurialism when they started playing around with wires and panels, books and shelves; they just jumped in, further down in the course of the journey; again, neither did they require any more advanced degree when each created a billion-dollar annual turnover, nor did they ever needed later an elite membership at an academic institution when at 100 billion or when it turned into a trillion dollar enterprise. From the early start, they were students of entrepreneurial mysticism; they still are weather on earth and heaven alike. A deep study is recommended.
Fact: There is no master’s degree during the entrepreneurial journey as it is based on constant learning, constant disruption, and constant progress. An academic approach to a declaration of any ‘Mastry’ only shuts down new and disruptive learning, often resulting in a resentful response to new change.
Fact: Since the earth-shattering innovative entrepreneurial revolution of e-commerce, which now dominates the world, millions of entrepreneurs have only destroyed their successful inventions of the previous years to arrive at brand new junctions where old ideas were declared useless by them as they required bold new thinking, results, and solutions. Study any long journey of any major entrepreneurial maneuver, as it thrives on constant change.
Now, pre-locked-on history, no academic thinking will ever survive under this thinking style.
Failure to understand entrepreneurial mysticism is a direct failure of economic development.
The global political-economic landscape has led entrepreneurialism to categorize free economies into three common types: dark economies, characterized by high unemployment and low productivity; debt economies, burdened by high levels of public and private debt; and death economies, suffering from serious economic stagnation and decline.
These classifications highlight the challenges of engaging with job creators for genuine entrepreneurial development and, therefore, openly highlight the critical need for a transformation in national economic leadership’s thinking towards Entrepreneurial Mysticism.
Middle-Income Entrapment of a Nation is Primarily a Mindset Entrapment
Fact: no economy was ever built without the oceans of SMEs, which grew and later became national and global giants.
Fact: Only entrepreneurs conceive ideas, transform them into original small enterprises, and strive for large-scale commercialization. For centuries, academia has tried to invent an alternative to SME creation without success.
Fact: Globally, only two types of mind exist in commerce and economic development. One is the job seeker mindset, which is career-minded and seeks to build existing enterprises. Two is the job creator mindset, which creates such enterprises in the first place.
Fact: When across over 100 free economies, 99% of job seekers mindset without any entrepreneurial mindsets control the national economy, and middle-income economies are hindered in national economic growth, the question arises: How many people possess genuine entrepreneurial backgrounds, experiences, necessary skills, and motivation to create real jobs? Why has this factor been so neglected by economic intellectualism? Is it because they are all job-seeker mindsets?
Every nation has an unlimited number of entrepreneurs, but only some have entrepreneurial-minded national political leadership or national economic development teams. Most nations can become super economies, but why are institutionalized academics always so fearful of entrepreneurialism?
Therefore, a Nation’s middle-income entrapment is only a Mindset Entrapment. The question remains: What can economic intellectualism across free economies achieve today to bring both mindsets closer?
To address any high-level middle-income entrapment challenge, it must begin with a rigorous and thorough inquiry into the national mobilization of entrepreneurialism. Something beyond once-a-year ‘small business week’ or a plastic award night dinner, common across 100 free economies. A national mobilization mandate is a 24×7365 regimented affair. No country in history has ever achieved economic growth without massive entrepreneurial drive and national mobilization of entrepreneurialism, so why the surprising discovery?
What China achieved during the last few decades by demonstrating their socialistic style, deep and powerful display of national mobilization of SME sectors, and regimented growth pattern to turn them into global giants today can demonstrate 500 million highly skilled and highly motivated workforce. What is India doing today, and what dozen more nations in the same game are ready for the future?
When just a hammer nails are badly needed, access to finance is only a myth by banks. It is about creating and managing the chasms-filled real value-creation enterprises, no matter how small, and not about flying in clouds of value manipulations or crypto tyrannies. What will unlock the middle-income entrapments, such keys with unique models of creating a national mobilization of entrepreneurialism?
Fact: No entrepreneur with a job creator mindset alone can ever build a large organization; it is impossible. Equally, no non-entrepreneurial job seeker mindset can ever create the origin and personally deliver such an organization. Only an entrepreneurial job creation mindset can achieve this, as proven during the last 1000 years.
Conclusion & Recommendations
The science of economics relies on numerical theories, while the art lies in observing entrepreneurial actions. Over a million entrepreneurs, each creating small and medium businesses, have grown in size and generated millions of jobs. Let’s find one winner of the Nobel Prize in Economics with such a track record.
Entrepreneurs didn’t stumble upon ancient texts or economic theories that led to the invention of the light bulb. The entrepreneurial mysticism, an unexplainable force that solves unexplainable problems with unexplainable methods, drove an unskilled individual to create light from a glass ball. Edison’s eventual success after numerous failures shows the power of entrepreneurship. Today, those striving for solutions hold the key to prosperity, empowering us to overcome challenges confidently.
The failure to understand how the “mindset hypotheses” work and the lack of focus on the ‘National Mobilization of Entrepreneurialism’ are significant concerns in SME economic recovery efforts. Additionally, the need for functional regional models for SME identification and digitization is a red flag for SME sectoral policies.
National Mobilization of Entrepreneurship: Expothon Worldwide, a global initiative, a decade in making, provides exclusive insights on the ‘national mobilization of entrepreneurship protocols’ to 2000 selected Cabinet-level executive recipients across 100 free economies. Expothon is also developing a global hub to guide 100 free economies and blocs, enhancing national entrepreneurship by offering tailored solutions and deploying 1000 experts to guide 50-100 countries.
Recommendations: Applied Entrepreneurialism & Critical Analysis
When global political and economic thinking is undergoing massive disruption, a nationwide reorientation program custom-tailored to each nation’s fast-track transformation to cope with current challenges is needed.
Key topics such as ‘economic intellectualism versus entrepreneurialism, mysticism,’ and ‘numerical theorization versus mindset optimization” must be covered. Critical solutions offered include measuring an enterprise’s real potential and size, the type of mindset required, and, finally, in-depth training on the mandates of national administration and the mobilization of entrepreneurialism.
Same-Page Arrival Methodology: It is critical to avoid multiple economic theories and conflicting national procedures in simultaneous actions. Imagine the potential impact of activating all national economic development teams simultaneously and quickly landing them on the same page. Demonstrating entrepreneurial understanding, adjusting narratives, and aligning creates new superior confidence levels. This will enable us to reach out to the core of small and medium enterprise sectors, sector by sector, demonstrating all available resources to create a national mobilization of entrepreneurialism as a national agenda.
What are the regional and global goals for boosting the nation’s small and medium-sized enterprises? How will the ‘National Administration & Mobilization of Entrepreneurialism’ initiative, with a specific focus on promoting citizens’ entrepreneurial talents among women and youth, enhance confidence and direction? This approach involves deploying an entrepreneurial style to address challenges while balancing the mindsets of job seekers and job creators to align with national economic growth targets.
The rest is easy
