Policymakers and Entrepreneurial Hubs: This is what can be done
by Mark Esposito, Terence Tse*
Entrepreneurship is vital to growing markets. And across most of Europe, entrepreneurship is lacking because of poor macro economic conditions, which push investment away from the Old Continent or re-direct all the available capital into savings rather than FDI. In 2013, the Global Entrepreneurship Monitor found that in Europe’s largest economies, only 6% of the working population set up or ran a new business.[1] By contrast, in BRIC countries and the U.S., 10%-17% engaged in this kind of early-state entrepreneurial activity. Europe’s paucity of substantial investment in innovation highlights the urgent need for European businesses and governments to work together to develop a new entrepreneurial innovation model to tackle financial deficits, create financial stability, and […]