Entrepreneurship: US Becomes a Startup Nation
A recent study finds that the cost of new ideas is rising, that more and more resources are required to produce breakthroughs, This data has led some to conclude that an era of economic revolution is over. Not so, says The Economist, citing the latest annual update from the World Economic Forum. Its ranking of global economic competitiveness records an upward tick for the US, from third to second place (behind only Switzerland). The WEF finds serious strength in American entrepreneurship and its culture of innovation. And an upcoming report by the Kauffman Foundation will state that high-growth entrepreneurship is booming—and across the country, not just on the two coasts. Easier access to risk capital, falling barriers to entry, and supportive local governments are making startups a truly national past-time.
John Howell, Editorial Director
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