The Global Entrepreneurship Monitor (GEM) refers to both a set of linked, international research projects and a set of documents that reports project results. Each year, a number of countries (10 last year, 21 this year and growing) perform related entrepreneurship research using identical methods. They each produce an independent report (GEM Australia, GEM USA, GEM Japan et cetera) which explores in considerable detail the nature, extent and effects of entrepreneurship within their individual country, including selected comparisons with other nations. Additionally, one international, coordinating document (the GEM Executive Report) is produced. It summarises each nation’s findings and discusses them at the level of international generality. GEM was conceived in September 1997 as a joint research initiative by Babson College (USA) and London Business School. It went ‘into the field’ for the first time last year. The central aim was, and is, to bring together the world's best scholars in entrepreneurship to study the complex relationship between entrepreneurship and economic growth. From the outset, the project was designed to be a long-term multinational enterprise. In order to obtain reliable, comparable data, GEM originally focused on the G7 countries (Canada, France, Germany, Italy, Japan, United Kingdom (UK) and USA), with three additional countries (Denmark, Finland and Israel) added because of the availability of scholars in these countries with particularly relevant expertise. GEM 2000 extends coverage to 21 countries in total. The additions are Argentina, Australia, Belgium, Brazil, India, Ireland, Norway, Singapore, Spain, South Korea and Sweden. Eventually, it is envisaged 40 to 50 countries will be included.