Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
S. That said, the country's long history of immigrant entrepreneurialism, however tenuous the notion might be today, has left a cultural legacy as evidenced by the relatively high entrepreneurship index score given to the U.S.
There are other structural factors as well. In Europe in general, there are a myriad of impediments to entrepreneurialism, including legal barriers, a consumer sector that is unventuresome about new products, stronger unions and higher levels of state intervention in the marketplace (Phelps, 2007). Phelps also outlines several cultural factors as well, such as the desire amongst workers for responsibility, interesting work or the chance to take initiative. The United States scores much higher in these metrics than does Germany. He frames these as differences in economic dynamism.
There is a correlation between the level of entrepreneurship and the level of economic growth (Aernoudt, 2007). Aernoudt's findings imply that European SMEs do not have an adequate support structure, which he feels should be more entrepreneurial in mindset. The existing structure, he argues, is geared more towards larger enterprises. His case study is Wallonia, but that region has a similar entrepreneurship index to Germany and many of the structural issues are pan-European.
The outlook of SMEs is a factor as well. While entrepreneurs can reasonably be expected to focus primarily on domestic markets, SMEs often have the ability to take their business global. According to the U.S. Department Commerce, from 1987-2001 the number...
The focus will be on the differences in the ways that entrepreneurship and SME activity is conducted in the two countries, and will attempt to outline the root causes of these differences.
Works Cited
No author. 2006. Entrepreneurship in Germany. [Online] Available at http://www.internationalentrepreneurship.com/european%2Bentrepreneurship/germany_entrepreneur.asp?countryid=21&contid=4
Grieco, Elizabeth. 2006. Defining Foreign-Born and Foreigner in International Migration Statistics. Migration Policy Institute. [Online] Available at http://www.migrationinformation.org/Feature/display.cfm?ID=34
Camarota, Steven a. 2000. Reconsidering Immigrant Entrepreneurship. Center for Immigrant Studies. [Online] Available at http://www.cis.org/articles/1999/self-employment/index.html
Phelps, Edmund S. 2007. Entrepreneurial Culture: Why European Economies Lag Behind the U.S. Wall Street Journal. [Online] Available at http://www.opinionjournal.com/editorial/feature.html?id=110009657
Aernoudt, Rudy. 2007. From SME Policy to Entrepreneurship Policy. OECD. [Online] Available at http://www.oecd.org/dataoecd/1/56/39745299.pdf
No author. 2008. Why Export? United States Department of Commerce. [Online] Available at http://www.buyusa.gov/philadelphia/whyexport.html
Works Cited
No author. 2006. Entrepreneurship in Germany. [Online] Available at http://www.internationalentrepreneurship.com/european%2Bentrepreneurship/germany_entrepreneur.asp?countryid=21&contid=4
Grieco, Elizabeth. 2006. Defining Foreign-Born and Foreigner in International Migration Statistics. Migration Policy Institute. [Online] Available at http://www.migrationinformation.org/Feature/display.cfm?ID=34
Camarota, Steven a. 2000. Reconsidering Immigrant Entrepreneurship. Center for Immigrant Studies. [Online] Available at http://www.cis.org/articles/1999/self-employment/index.html
Phelps, Edmund S. 2007. Entrepreneurial Culture: Why European Economies Lag Behind the U.S. Wall Street Journal. [Online] Available at http://www.opinionjournal.com/editorial/feature.html?id=110009657
Aernoudt, Rudy. 2007. From SME Policy to Entrepreneurship Policy. OECD. [Online] Available at http://www.oecd.org/dataoecd/1/56/39745299.pdf
No author. 2008. Why Export? United States Department of Commerce. [Online] Available at http://www.buyusa.gov/philadelphia/whyexport.html
United States has become preoccupied with the internal affairs at the expense of the foreign affairs after the civil war. It started interfering in overseas conflicts and interacting with the World after the diplomatic inactivity from Latin America and Spain to the China and Philippines. This interaction made the America to become a major World power. The first conflict of America was with the Hawaii in Pacific which was governed by
The two main problems that Germany faces during its current reunification process can be generalized and applied to other historical and contemporary situations. Nearly any nation attempting to piece itself back together after deep divisions would experience some economic, social, and political conflict. For example, after the Civil War, the United States dealt with heady economic, political and social problems that remain problems well over a century later. As in
Legal Immigration Is Good for the United States With the United States opening its boarders to thousands of legal immigrants each year, immigration has become one of the most hotly debated issues in the country. However, what has largely fueled this debate has to do with the impact of both illegal and legal immigrants on the United States' economy, crime rates as well as education and environment. While some continue to
American History Role of the United States in Europe After WWII This essay attempts to present the role of the United States of America in the reconstruction of post World War II Europe. This report also attempts to provide information regarding the covert Cold War, the formation of NATO, and the ample economic trade opportunities sought by the Americans. After the successful D-Day invasion of Normandy Beach, it did not take much longer
Finding ways to delegate authority is an important thing for entrepreneurs when they grow. When a company is in the beginning or high growth stage of the business cycle, there comes a point when the founder must let go some control so that the business can be more professionally run. The current business model is somewhat aimless, but oriented towards high end positioning. An alternate direction is that the business
While the barriers in Germany to such independent enterprising are increasingly being diminished in the face of opening global trade routes, it is still the case that Germany's public and private means to stimulating independent enterprising are less accessible and less plentiful than those found in the United States. Though in many ways, this is something which is subject to change based on such fluctuations in the economy as