Headlines 2017

Entrepreneurship "deficit” in Europe


A new study shows that Western Europe is underperforming in all four measures of high-impact Schumpeterian entrepreneurship relative to the U.S. In addition, once the researchers account for Europe’s strong performance in technological innovation, an “entrepreneurship deficit” relative to China and East Asia becomes apparent. This underperformance is missed by most standard measures. China is found to perform surprisingly well in Schumpeterian entrepreneurship, especially compared to Eastern Europe.

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