Vice President Biden Attends Summit to Champion Entrepreneurial Spirit Around the World

Vice President Joe Biden addresses the Global Entrepreneurship Summit in Istanbul

Vice President Joe Biden addresses the second Global Entrepreneurship Summit at the convention center in Istanbul, Turkey, December 3, 2011. (Official White House Photo by David Lienemann)

 

Earlier today in Istanbul, Vice President Biden addressed the second Global Entrepreneurship Summit, convened by Prime Minister Recep Tayyip Erdogan. The Vice President is leading the U.S. delegation to the summit, which follows the 2010 Presidential Summit on Entrepreneurship hosted by President Obama in Washington, D.C. 

This year’s summit comes at a critical moment in the Middle East and North Africa as millions have risked their lives for political freedom and economic opportunity. 

"Democratic revolutions like the ones in Tunisia, Egypt and Libya -- and the ones still unfolding in Syria and Yemen --are imbued, literally imbued with entrepreneurial spirit, a spirit that requires risk and initiative, steadfast determination, and a unifying idea," said Vice President Biden. "They aim to do more than merely change the government which is in power, but also to end practices like authoritarianism, corruption, the stifling of free expression -- practices that make political and economic freedom impossible."

The Vice President also highlighted how entrepreneurs are a driving force for job creation and economic growth in the United States.

"Once, the wealth of a nation was primarily measured by the abundance of its natural resources, the expanse of its landmass, the size of its population and the power of its armies," the Vice President said. "Today, the true wealth of a nation is found in the creative minds of its people and their freedom and ability to bring those ideas to life -- to develop not only new products, but the technologies that will create entirely new industries, entire new markets, entire new opportunities."

"We’re all here because we believe in the power of entrepreneurship to transform lives and lift up entire communities and nations," he continued.

Vice President Biden also attended the opening of a concurrent youth entrepreneurship summit, sponsored by the U.S. Department of State.

The Vice President began his visit to Turkey in Ankara, where he met with President Gul and the Speaker of the Parliament, Cemil Cicek. In addition to discussing the Vice President's visit to Iraq and the ongoing situations in Syria and Iran, topics of discussion included Turkey's constitutional reform process, freedom of the press and relations with Armenia.

The Vice President also laid a wreath at the Ataturk Mausoleum.  Signing the Mausoleum guest book, Vice President Biden noted President Ataturk’s contributions to democracy. “As people around the world today strive for a greater voice in how they are governed, they can take inspiration from Ataturk's emphasis on the principles of democracy in Turkey's own development,” he wrote.

Related:
See a slideshow of the Vice President's trip to Turkey
Vice President Biden Visits the Ecumenical Patriarchate
Vice President Biden Checks Out Istanbul's Samatya Square

Vice President Joe Biden meets with U.S. and Turkish Business Leaders at the second Global Entrepreneurship Summit in Istanbul

Vice President Joe Biden meets with U.S. and Turkish business leaders at the second Global Entrepreneurship Summit at the convention center in Istanbul, Turkey, December 3, 2011. (Official White House Photo by David Lienemann)

Amy Dudley is the Deputy Press Secretary for the Vice President
Related Topics: Economy, Foreign Policy
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