Chris Cantell Discusses Entrepreneurship: Sri Lanka- the controversy by Claudia Sonea

A small island in the Indian Ocean, south of Asia, Sri Lanka is a strategic naval link between West Asia and South East Asia and a centre of Buddhist religion and culture. The majority of the population (around 80%) is formed by Sinhalese and Tamils, concentrated in north and east of the island, forms the largest ethnic minority. The country's economy was influenced by the political environment. In the 19th and 20th century it had a plantation economy, famous for the cinnamon, rubber and Ceylon tea. Because of the British domination and the Second World War, the economy was held back and it was still based on the plantation. As a late development it started to improve economically by the development of food processing, textiles, telecommunications and finance in the late 1970s. Today Sri Lanka has the highest income per capita in south Asia. Still there are a lot of problems to be fixed. First of all they have to deal the same problem Romanians have to deal with: lack of jobs. There are many qualified workers that would rather go abroad to work and for a better paid job, although it is not the area in which they have trained. The other issue is the foreign investment, in Sri Lanka and in Romania there has been a bunch of foreign investors while the locals have a smaller number. Real solutions have to be found in these countries where the problem is not the level of education, but the lack of jobs and entrepreneurship. The state policy towards this issue should change in order for some changes to take place. Until further solution will be found let us keep hope and never give up. Enjoy surfing!

related story: http://www.lankaweb.com/news/items07/300707-7.html

by Claudia Sonea for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

These news are original content from young talents around the world and are selected for you by Chris Cantell.

Edited by Zuzana Tylkova

The entrepreneurship by Claudia Sonea

I guess many of you have heard this term and even more are familiar with it. If you want to open a firm or to start a business no matter how small or big, they say it is entrepreneur ship. Some would say it is the need of getting rich. But if we were to put it like that that then those that attend the Universities in order to become prosecutors, judges, etc, have the same spirit of entrepreneurship. So people want to get rich, the way doesn't matter, only the goal. It is true that in America and in other countries those that will start a business have a lot of benefits from the Government, but that it is not necessarily bad, the purpose(so I hope) is to give a hand of help to the economy. The unfortunate thing is that are lawyers who find all the laws possible in order for the giant company to pay small taxes or not at all. In USA they pay 15 percents of their long-terms capital (although a deal could last seconds) while a doctor, a lawyer or an actor pay twice the amount. Also, there are companies that earn money by bankruptcy other small business- they buy a small business cut spending and resources and then resell it in the public markets for huge profits. That should be no surprise. A Romanian poet said " All is old, all is new", nothing changed since Louis XVI, king of France, when the aristocracy did not pay any tax, while the others were taxed highly.This does not surprise me at all, the rich have the power and they lead the crowd, because we allow them. We are more numerous than them and we aren't stupid we know how to change the law in our favor. The truth is that we are to selfish to change things. If we have a good life then we no longer take interest in community affairs. It is the jungle law, the law of surviving. But entrepreneurship doesn't refer only to the negative sides. Watch carefully and you might discover amazying new thins. Stay connected!

related story: http://www.nytimes.com/2007/07/29/business/yourmoney/29every.html?ref=yourmoney

by Claudia Sonea for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

These news are original content from young talents around the world and are selected for you by Chris Cantell.

Edited by Zuzana Tylkova