![]() So, for the advancement of man power business, entrepreneurship is a compulsory formula.Īlso Read: The role of a manpower agency in the job market. When a country’s own economy boost ups then she can think about importing manpower force. He also claimed that America is now safe and they are promoting their own country’s economy. He claimed that America is more favorable for entrepreneurs than china. This result was evident that world started to look at these two giant economies.įrom the President Barack Obama’s state of the union speech 2013, we can infer that he realized the importance of creating jobs through entrepreneurship and training the future needs of skilled labor for entrepreneurs. Banks of India and china helped the projects and that is why entrepreneurs carried on their way. During crisis, if banks support the projects there the shock of recession is not felt so violent. This created a strong setback for man power supplier business including our context of Manpower supply from Nepal. People from high management to workers suffered a lot from this happening. When we look at the boom of world’s economy, we observe that investors take serious interest in their projects and mega projects always create maximum jobs for various categories relating to the project.ĭuring the period of recent recession, we observed that investors took their money away from gulf and other fast growing economies. If there were no entrepreneurship, there would have been no middle class. There was a shortage of skilled and semi skilled manpower. Then, we observe that entrepreneurship was at a peak. When we see the history of man’s development, i.e., when we look at the exponential growth of Europe’s economy of industrialization era. Economists tell us that the World’s wealth is limited and the resources are exiguous and we have to use it rationally.
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