Entrepreneurship in USA and Germany

Paper Summary:

The paper focuses on the different ways entrepreneurship and small and medium enterprise (SME) activities are conducted in the United States and Germany and outlines the root causes of these differences.

From the Paper:

"The nature of entrepreneurship varies significantly between the United States and Germany. According to the Global Entrepreneurship Monitor, the United States has an entrepreneurship index of 11.3%, higher than the world average of 9.5%. Germany, on the other hand, has an entrepreneurship index of just 5.1%, lower even than the European average of 5.4%. There are many factors that account for this difference, including cultural, legal and fiscal considerations."

Sample of Sources Used:

• 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/selfemployment/index.html
• Phelps, Edmund S. 2007. Entrepreneurial Culture: Why European Economies Lag Behind the US. 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

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