The world has dramatically advanced in various ways regarding professionalism and performance delivery. Today, most things work as promised, and most professionals deliver as expected, establishing this as a modern norm. Airlines are on time, pilots fly and land, and luxury events at luxury hotels, like clockwork and skyscrapers, rise in the sky like the flight of the Valkyries.
Despite spanning several decades, the current challenges of economic development are deeply rooted in the conflicting economic theories and their pragmatic applications, as well as if and how they deliver any results. Despite ongoing discussions, there remains a lack of clarity in defining and managing national economic growth.
Various parties and multiple factors are blamed yearly for the issues. Yet, the timing of the professional delivery demonstrates the missing performance necessary to keep pace with global expectations. This ongoing struggle ultimately proves ineffective and harms society, underscoring the urgent need for a paradigm shift in economic theories to recognize the pragmatism and successful history of entrepreneurialism and acquire deeper understanding how the ‘national mobilization of entrepreneurialism will change the face of their nation.
When nations find themselves stagnant and struggling for economic growth over a decade, what options do they have to defend against their circumstances other than repeating the same old arguments?
READ: Unlocking national growth: The case for a Ministry of Entrepreneurialism (December 17, 2024)
Economic intellectualism often seems occupied with complex and abstract academic approaches, creating convenient ways to blame irrelevant issues while maintaining a facade of authority with somber decorum and impressive titles.
In the prolonged absence of solid pragmatic solutions, what is the fundamental role of a Chief Economist? Is it to provide expected precise and timely solutions or to continue to think for the correct answers stretched over the decade? Consider the captain of a jumbo jet: they take off and land on time, but if the plane has been on the tarmac for years, it would require an updated job description and a new title.
Currently, the global political economy resembles a game of ice hockey being played on a football field without ice or hockey sticks and with tennis rackets under volleyball rules. This situation reflects a complex and multifaceted challenge in understanding global economic behavior, much like a Lego project that has been underway for decades but cannot listen to the loud cries of the public.
The joy of economic hell and living in a foolish paradise
Fact: Why did the mighty economists of the world miss out so badly?
Historically, superpower economies have constantly crawled out of the oceans of small and medium enterprises, not from the books of economics. As always, many of these SMEs grew into Godzilla-size global giants and changed the face of their nations.
Check out the top 10 superpower economies.
Economists, often with a job-seeker mindset, are still hesitant to embrace the powers of entrepreneurial mysticism, the job-creator mindset. This mindset, which focuses on the innovative and risk-taking nature of entrepreneurs, is often overshadowed by economic intellectualism, a more academic and theoretical approach to understanding and shaping economies.
There is no need for further proof: Over a million entrepreneurs have already demonstrated the power of the job-creator mindset. They have created over a million original small and medium businesses, each of which has grown and created over a million jobs. Why, then, the lingering fear of identifying at least one Nobel Prize Winner in Economics, whoever built one such enterprise?
Fact: No single global giant enterprise ever hatched out on a chicken farm. Each and everyone started as tiny, unknown, from some unknown place across the world, only by some unknown person. There is no other formula of any kind, ever, except for someone creating an SME, and this is where SMEs create the topsoil where giant enterprises are raised. This is the power of SMEs, the unsung economic growth heroes, and their limitless potential is a beacon of hope for the future of economic growth.
READ: Unlocking sustainability: The vital role of flexible, long-term capital in climate finance (December 10, 2024)
Summary
If saving national economies is the goal, a clear mandate is proposed for all the Chief Economists of the 100-plus free economies of the world. Please tabulate and articulate your understanding of ‘economic intellectualism’ versus ‘entrepreneurial mysticism.’ Additionally, when considering the creation of ecosystems for small and medium-sized enterprises (SMEs) that allow for the growth of large global corporations, what narratives explain the last decade of neglect and repression of national entrepreneurs, the compression of national SMEs, and the regression in economic thought aimed at uplifting the SME sector?
Fact: Economic development without entrepreneurialism is not just a lack of progress, it’s economic destruction. We can see this in countries that have failed to foster a culture of entrepreneurship, leading to stagnation and decline. Any political power without economic power is no power. Any economic power without a balanced mindset is a standstill game.
Over 100 countries are currently facing economic struggles, and most, after the past decade, have no magical solutions or the necessary skills to address the root causes of these issues.
Fact: Behold the dynamics of Trump and his teams in January in the USA, witness the power play of economic development staged for the world to watch and learn. Economic development in any country is a dynamic tactical maneuver based on 24x7x365 operation in relentless pursuit with highly skilled superior teams. These teams must possess economic intellectualism, entrepreneurial mysticism, and global operational skills. These skills involve understanding and navigating the complexities of the global market, creating micro-trade, micro-exports, and micro-manufacturing to achieve national mobilization of entrepreneurialism.
Why is Expothon Worldwide a global platform for entrepreneurial innovation and authority on the national mobilization of SME protocols? Since the last decade, it has been sharply focused on 100 countries. Why is it challenging to use new narratives and deployable methodologies for all massive SME sectors within the GCC, OIC, European Union, African Union, Commonwealth, BRICS, and ASEAN for national mobilization of entrepreneurialism as immediately applicable pragmatic solutions?
Why is Expothon gaining global attention? These insights are shared weekly during the last 50-100 weeks and reach approximately 2000 selected VIP national cabinet-level senior government officials across 100 free economies. This track record of expertise and trust forms the foundation of our proposed strategies.
The dumpster of knowledge must be emptied to create space for new knowledge; refills will open the mind and provide extraordinary courage. Lingering in an overly-filled knowledge dumpster only creates fears and added insecurities.
Expothon is setting a global stage for collaborative, constructive, and informative exchanges to help uplift the SME economic sectors and elevate national citizenry while identifying this group as the most neglected, causing restlessness and getting magnetized towards nouveau populism and the greatest error of economic thinking.
The rest is easy