Biden: You cannot think free where you cannot challenge orthodoxy
US Vice President Joe Biden gave Thursday a powerful speech about creating the right conditions for successful entrepreneurship and Washington’s initiatives to boost young talents in Morocco at the fifth edition of the Global Entrepreneurship Summit held19-21 November in Marrakech.
“What most people don’t realise is that Morocco holds a special place among Americans. It is the first nation in the world to recognise the United States of America,” said Biden after the audience sang him happy birthday.
“You and I are concerned about terrorism. But outside the conflict zone, what we are really concerned about is how our children will find jobs,” said the outgoing Biden.
“People everywhere in the world are hungry for economic opportunities. The challenges ahead of all of us are immense: Developing economies and rapidly growing populations.
Africa is in a race to create tens of millions of jobs just to break even.
“How do we help entrepreneurship take even deeper route? Entrepreneurship is about creating an entire climate for innovation and ideas,” he noted.
The US Vice President says that it takes an education system that universal and open to all, including girls and women in order to prosper in the 21st century.
However, Biden emphasised that ambition is also key to success in entrepreneurship, citing the example of a young US billionaire who dropped out of Stanford University and who is working on finding a cure to Ebola.
“It seems to me that the road to success is dropping out of Stanford,” he told the laughing crowd.
Biden called for young entrepreneurs to challenge orthodoxy in order to succeed and thrive.
You cannot think free where you cannot challenge orthodoxy. You cannot think different where you cannot speak your mind.
Those who think the same do not hold promise to progress because the only way to change commons is to think different.
He warned against corruption which “is not only a threat to economic growth but also to security and sovereignty.
Biden said that by 2017 Caucasians of European decent like him would be an absolute minority in the US.
“Our diversity is the reason for our incredible strength because it welcomes the greatest risk-takers who can flourish where they can’t live, citing the example of Albert Einstein who fled Nazi Germany,” he noted
Biden called on governments to remove excessive regulations and barriers to access the capital for talents in order to boost entrepreneurship.
“US helping Morocco boost its young entrepreneurs”
Biden said that the US was helping the North African kingdom boost young entrepreneurs though various initiatives.
“The US Millennium Challenge Corporation (MCC) has invested almost 700 million dollars in Morocco and is going 50 million more in public private partnership in vocational technical training to equip young Moroccans with the skills they need,” he said.
MCC is a bilateral US foreign aid agency established by the US Congress in 2004, applying a new philosophy toward foreign aid. It is an independent agency that is helping lead the fight against global poverty.
The US is also partnering with Swedish car and truck maker Volvo to establish a vocational training academy in Morocco which will train 150 students from the North African kingdom, Ivory Coast and Senegal, ever year on maintaining industrial and commercial equipment.
Volvo seeks to contribute to sustainable growth in countries in which it operates through training local manpower.
Biden also said the US government, in partnership with Spain, will provide a $7 million credit guarantee to help finance a state-of-the-art cold storage facility at the Tanger-Med port in Morocco which will support the country’s agriculture value chain by enabling increased agricultural exports to key markets and facilitating job creation across the sector.
Moroccan PM: Humans were not born entrepreneurs
Earlier, Morocco’s Prime Minister Abdelilah Benkirane officially launched on Thursday the fifth edition of the Global Entrepreneurship Summit in Marrakech amid the presence of heads of states and top officials.
“Morocco is proud to host the Summit which was launched by US President Barak Obama in 2009 for the first time in Africa, underlining the Morocco’s ambition as strategic business partner in Africa,” said Benkirane
|Benkirane: People who take initiatives in entrepreneurship are those who do not take the usual paths|
“Humans were not born entrepreneurs. They become so through integrating into the success path thanks to their ceaseless efforts and avid appetite for success and overcoming obstacles.
“People who take initiatives in entrepreneurship are those who do not take the usual paths. Initiative and innovation are two key elements that lead to freedom, social development and prosperity if the business environment and conditions are rife," he said.
The Prime Minster highlighted the importance of education in entrepreneurship especially among the coming generations.
“Education is a primordial element to human development and self-accomplishment that allows future entrepreneurs to seize available opportunities,” he said, pointing out the importance of the new media technologies that provide a huge wealth of priceless knowledge to the youth across the world.
At the time the internet is being used for wicked purposes such as terrorism and fundamentalism, Benkirane called for the development of new media technologies in order to reinforce positive competitiveness through cooperation with the civil society.