Economic Development Futures Journal

Friday, February 28, 2003

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Europe Gives Greater Attention
to Entrepreneurs


The European Commission just released its new Green Paper on Entrepreneurship, which is very well written and full of useful information about entrepreneurial development and is applicable anywhere in the world.

The Green Paper outlines what is entrepreneurship, what are its constituent parts, and it explains the importance of entrepreneurship and assesses the state of entrepreneurship in Europe.

Much of the research conducted on European entrepreneurship points to growing interest in it as a future regional economic development strategy. Yet, Europeans are still slow to start new businesses, especially when compared the the United States.

Two motivations are driving the Europeans' desire to jumpstart entrepreneurship: 1) need to diversify the European economy in new market and technological directions; and 2) need to increase the role of creativity and innovation in European industries.

Get the report here.

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