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Using entrepreneurial innovation to stabilize Europe: Introducing EDIE

Groth, Olaf, Esposito, Mark and Tse, Terence (2015) Using entrepreneurial innovation to stabilize Europe: Introducing EDIE. Euro Crisis in the Press (19 Feb 2015). Website.

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Abstract

Entrepreneurship is vital to growing markets. And across most of Europe, entrepreneurship is lacking. In 2013, the Global Entrepreneurship Monitor found that early stage entrepreneurial activity was less than 6% of the population between the working ages of 18-64 in Greece as well as in the four largest economies in Europe—Germany, France, Italy, and Spain. By contrast, BRIC countries and the United States each ranged between 10%-17% in early state entrepreneurial activity. Early stage activity is defined as either actively setting up a new business or owning and managing a new business for less than 42 months. The paucity of entrepreneurship and substantial investment in innovation among countries in Europe highlights the urgent need for European businesses and governments to work together to develop a new entrepreneurial innovation model to tackle financial deficits, create financial stability, and pull Europe through future crises. This new system can be thought of as an “Entrepreneur-Driven Innovation Ecosystem (EDIE).”

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/eurocrisispress/
Additional Information: © 2015 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE Euro Crisis in the Press Blog
Date Deposited: 22 May 2017 07:24
Last Modified: 08 Jun 2020 23:29
URI: http://eprints.lse.ac.uk/id/eprint/77949

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