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Introduction to Public Policy in an Entrepreneurial Society

  • Zoltan J. Acs
  • Roger R. Stough
Part of the International Studies in Entrepreneurship book series (ISEN, volume 17)

At a crossroads! Europe — with a long history of tightly managed economic and social structures designed to enhance state control – is now confronted by weakening growth, employment and collapsing social welfare systems (Audretsch, Grilo and Thurik, 2007). The U.S. - with its strong anti-statist traditions – maintained substantial control of the economy by the state until the 1970s. However, growing international competition forced the U.S. to rethink its position in the global marketplace. Economists regularly demonstrated how regulated systems actually create higher, not lower, costs for consumers. Thus, the U.S. began an economic era of reform and deregulation, which has led to the emergence of the present state: The Entrepreneurial Society (Acs and Audretsch, 2002).

Keywords

Small Business Venture Capital Entrepreneurial Activity Entrepreneurial Firm Business Formation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Zoltan J. Acs
    • 1
  • Roger R. Stough
    • 1
  1. 1.School of Public PolicyThe George Mason UniversityFairfaxUSA

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