Fighting Canada’s Entrepreneurial Complacency

Entrepreneurs are the engine of any economy. They create products and services that meet their needs. They often build entire industries from nothing and create jobs that lift people from the depths of poverty into the middle class and beyond. Given the importance of entrepreneurship to job and weal...

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Bibliographic Details
Published inIvey Business Journal (Online) pp. 1 - 3
Main Author Overall, Jeffrey
Format Trade Publication Article
LanguageEnglish
Published London University of Western Ontario 01.03.2018
Subjects
Economic growth
Entrepreneurs
Entrepreneurship
GDP
Gross Domestic Product
Income taxes
Innovations
Job creation
National identity
Startups
Students
Tax rates
Canada
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Summary:Entrepreneurs are the engine of any economy. They create products and services that meet their needs. They often build entire industries from nothing and create jobs that lift people from the depths of poverty into the middle class and beyond. Given the importance of entrepreneurship to job and wealth creation in Canada, it isn't a surprise that policymakers, philanthropists, and universities spend billions on fostering entrepreneurship and innovation. Efforts to spur entrepreneurship in this country clearly have had some positive impact. Indeed, our nation almost leads the world in entrepreneurial activity, trailing only the US, according to a 2015 ranking (at the time, about 13% of the working-age population was involved in start-up ventures, according to the Centre for Innovation Studies.)
ISSN:1492-7071