==But it also has very conservative capital and tax and employment systems that make entrepreneurship difficult.==
The rate of new business creation is higher in Europe than the US. I would guess that the US has more venture-backed entrepreneurs, but more businesses are being start by Europeans than Americans.
“The net rate of business creation among the EU economies has been over three times faster than in the USA and Canada since the financial crisis, according to research by RSM International, the seventh largest global network of independent audit, tax and consulting firms.”
The rate of new business creation is higher in Europe than the US. I would guess that the US has more venture-backed entrepreneurs, but more businesses are being start by Europeans than Americans.
“The net rate of business creation among the EU economies has been over three times faster than in the USA and Canada since the financial crisis, according to research by RSM International, the seventh largest global network of independent audit, tax and consulting firms.”
== https://www.businessawardseurope.com/news/item/rate-of-new-b...