Author(s): Mark Sanders, Mikael Stenkula, Michael Fritsch, Andrea M. Herrmann, Gresa Latifi, Balázs Páger, László Szerb, Elisa Terragno Bogliaccini and Michael WyrwichYear: 2020
Title:
The Entrepreneurial Society – A Reform Strategy for Italy, Germany and the UK
Chapter: 7Editor(s): Mark Sanders, Axel Marx and Mikael StenkulaPublisher: SpringerCity: Berlin
Pages: 163–202
A Reform Strategy for Germany
Mark Sanders, Mikael Stenkula, Michael Fritsch, Andrea M. Herrmann, Gresa Latifi, Balázs Páger, László Szerb, Elisa Terragno Bogliaccini and Michael Wyrwich
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.
Reference:
Sanders, Mark, Mikael Stenkula, Michael Fritsch, Andrea M. Herrmann, Gresa Latifi, Balázs Páger, László Szerb, Elisa Terragno Bogliaccini and Michael Wyrwich (2020),
"A Reform Strategy for Germany".
Chapter 7,
pp.
163–202
in
Mark Sanders, Axel Marx and Mikael Stenkula, eds.,
The Entrepreneurial Society – A Reform Strategy for Italy, Germany and the UK.
Berlin:
Springer.