What does it take to foster entrepreneurship in the developed (and developing) world? What will it take to spark growth again in the troubled economies across the globe?

From, the Clinton Global Initiative, these and other questions were discussed on a panel featuring Peter Sands, the CEO at Standard Chartered, Ricardo Salinas of GrupoSalinas, Blackstone Group's Tony James, and Google executive chairman Eric Schmidt.

The panel was moderated by CNBC's Maria Bartiromo.

(Watch the next part of the discussion: Wave of entrepreneurialism)