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"Even though these groups provide a disproportionately large economic growth contribution" No, most of productivity growth in industrialized countries arose fr
by wrong_variable 10y ago
"Even though these groups provide a disproportionately large economic growth contribution"
No, most of productivity growth in industrialized countries arose from economics of scale from multinationals.
Its the same for China, Germany, South Korea, Japan, Soviet Union ...
Countries do not industrialize due to small business and entrepreneurs - regardless of much the average american likes to think that is true.
- cft 10y agoVery short-sighted thinking. Most multinationals were started by entrepreneurs, some even bear their names: e.g. Boeing, Ford, Dell, Bristol-Myers-Squibb. If you create a start-up unfriendly regime ( like in EU currently), they don't get started. Out of 1000 startups one becomes Boeing and 20 become sustainable medium size businesses that can be discarded for the microeconomic estimates.