This Website uses cookies. By using this website you are agreeing to our use of cookies and to the terms and conditions listed in our data protection policy. Read more

The Entrepreneurial Society – A Reform Strategy for Italy, Germany and the UK

A Reform Strategy for Germany

Book Chapter
Sanders, Mark et al. (2020). “A Reform Strategy for Germany”. In Mark Sanders, Axel Marx and Mikael Stenkula (Eds.), The Entrepreneurial Society – A Reform Strategy for Italy, Germany and the UK (163–202). Berlin: Springer.

Mark Sanders, Mikael Stenkula, Michael Fritsch, Andrea M. Herrmann, Gresa Latifi, Balázs Páger, László Szerb, Elisa Terragno Bogliaccini, Michael Wyrwich

Mark Sanders, Axel Marx, Mikael Stenkula

In this chapter, we outline a reform strategy to promote a more entrepreneurial society in Germany. Germany has developed a successful model of capitalism in which high productivity growth is driven by on-the-job learning and firm-specific skill accumulation. The economy is rooted in a strong and regionally embedded Mittelstand, which supports an export-oriented industry mainly based on incremental innovations, but which is less conducive to more radical innovation.We, therefore, suggest a reform agenda forGermany that encourages more entrepreneurial experimentation with the aim of facilitating radical innovation, both in incumbent and new firms. Germany’s entrepreneurial talent should be encouraged to take on more risk, the education system could promote initiative, creativity and a willingness to experiment, and a more equal playing field between dependent employment and self-employment/employer could be created.