A former official in Hillary Clinton’s State Department writes in a new book that America is failing to leverage one of the best foreign policy tools at its disposal for stabilizing chaotic economies and reducing the risk of terrorism: entrepreneurship. Steven R. Koltai—former Senior Advisor for Entrepreneurship in Clinton’s State Department, repeat successful entrepreneur, and Brookings Institution guest scholar—argues in PEACE THROUGH ENTREPRENEURSHIP: Investing in a Startup Culture for Security and Development (Brookings Press; on sale August 30th, 2016 ; hardcover) that the root cause of the unrest vexing American foreign policy and threatening American security is joblessness. But there is a solution – entrepreneurship – that brings economic hope, employment, and stability to the troubled regions at the source of our worries.
Among the topics Koltai discusses:
- Why entrepreneurship is the number one job creator in economies large and small.
- The power of entrepreneurship as an economic development tool, and a tool for stability and peace.
- Why the U.S. government has not put enough time, money and effort into this approach—even though it taps into America’s world-renowned expertise in innovation.
- Barriers in our foreign policy (and other areas of government) to implementing this idea, and what must change in order for America to “do entrepreneurship” successfully.
- How Koltai’s own “Six + Six Model” can be used as a framework for analyzing startup ecosystems and bolstering startup activity in fragile and developing markets.
- Programs around the world that have successfully supported entrepreneurs in this fashion, changing the lives of citizens and generating employment in the most difficult of places.
PEACE THROUGH ENTREPRENEURSHIP offers a new way forward for some of the world’s most challenged regions, and U.S. foreign policy.