Total Entrepreneurial Activity
for 2004 = 3.71
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here for more about TEA
World Average TEA 9.6
European Average TEA 5.4
Entrepreneurship
in Sweden
The 2000 Global Entrepreneurship Monitor ranked Sweden
the 5th least entrepreneurial of 21 nations on its Entrepreneurial
Activity Index (TEA). The start-up rate has been stagnant
for past 5 years. Swedish industrial policies have traditionally
focused on large enterprises and individual sectors. Personal
income and corporate taxes are high, and there is much
personal and corporate debt outstanding with high interest
rates. Only a few little-known programs for stimulating
entrepreneurship exist. The Swedish favor entrepreneurship,
but they don’t accept its failure.
Entrepreneurship is becoming more important in Sweden
due to a number of reasons. Recent changes enacted by
the Swedish Government in industrial policies have encouraged
entrepreneurship among all citizens and strengthened Sweden’s
international industrial competitiveness. Since public
sector downsizing, small and medium sized enterprises,
(SMEs,) have become a more important source of employment.
SME policy introduced better and more simplified regulatory
systems, as well as a better return on capital. Recognizing
the importance of entrepreneurship, entrepreneurial education
has been developing. Because of these nationwide changes,
a special information system now exists for start-ups
to foster new entrepreneurs. However, in the face of these
forward thinking economic initiatives, SME policy is still
focused on the skill area and less on the opportunity
and motivation area. Furthermore, in spite of development
initiatives, there is little public interest in entrepreneurship
education. Moreover, internet based information systems
have developed but mainly on a national level, which left
small start-ups very few opportunities.
Best
Bets
Sweden
2000 GEM National Report
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on the folder to see the contents.
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Entrepreneurship
