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This entrepreneurship attitude differs from country to country. In many socialist countries people like jobs in the government - it is cushy, extremely stable a
by katz 18y ago
This entrepreneurship attitude differs from country to country. In many socialist countries people like jobs in the government - it is cushy, extremely stable and offers excellent benefits.
In other societies risk taking are discouraged (through various means). You should also take into account the difficulty of starting a business when you do not have access to capital.
The USA is one of the few countries that almost seems to reward risk taking and is not over-regulated (thereby cancelling out small companies). This is fairly unique and is probably a part of what make the USA great.
- jhancock 18y agoChina is right now an excellent place for entrepreneurs, especially young, local ones. What is a _real_ barrier for these students is expectation and prestige. They just finished at the most prestigious schools in China. The only thing their families will accept is a great salary from a well know company. The good news is this isn't hurting entrepreneurship in China. There are far too many smart young Chinese that do not have these outsized expectations...and maybe more important have nowhere to turn but to start something themselves. Maybe another way to summarize this article is "Wharton profs' only interactions with Chinese students is at the top .0001% of the class."