In the article “U.S. economy won't grow fast until we unleash entrepreneurs,” Andrew Tisch discusses the role of entrepreneurship in resurrecting struggling communities and the creation of jobs among some other factors that lead any economy to grow. Tisch says that it is difficult for entrepreneurs to succeed in the United States. According to his article, the right ecosystem consists of good infrastructure, educated workers as well as regulations and rules that are consistent and smart. He provides the example the city of Detroit, what he calls a municipal failure due to the low rate of entrepreneurial activity in the area.
For this reason, the author of the article believes that since entrepreneurships is extremely important for the American economy to grow, promoting it should be a priority for politicians. He states that new businesses are not being created; on the contrary, the amount of businesses that are closing their doors is high. However, he says that this is not the case because politicians are not worried about promoting entrepreneurship, which is what some other countries are doing. Moreover, Andrew Tisch asserts that certain regulations are …show more content…
Entrepreneurship is one of the factors for economic growth that was discussed in class and in the textbook. Andrew Tisch proves this statement with evidence. For instance, he provides statistics that reveal that between 1980 and the middle of the past decade, companies that had being operating for five years or less were the ones that accounted for most of the new jobs that were created during that period of time. In addition, some of the examples provided in the article demonstrate that one indicator of a region’s economic health is the rate of entrepreneurial activities. For example, the research presented indicates that countries with weak entrepreneurial ecosystems do not have economic
For this reason, the author of the article believes that since entrepreneurships is extremely important for the American economy to grow, promoting it should be a priority for politicians. He states that new businesses are not being created; on the contrary, the amount of businesses that are closing their doors is high. However, he says that this is not the case because politicians are not worried about promoting entrepreneurship, which is what some other countries are doing. Moreover, Andrew Tisch asserts that certain regulations are …show more content…
Entrepreneurship is one of the factors for economic growth that was discussed in class and in the textbook. Andrew Tisch proves this statement with evidence. For instance, he provides statistics that reveal that between 1980 and the middle of the past decade, companies that had being operating for five years or less were the ones that accounted for most of the new jobs that were created during that period of time. In addition, some of the examples provided in the article demonstrate that one indicator of a region’s economic health is the rate of entrepreneurial activities. For example, the research presented indicates that countries with weak entrepreneurial ecosystems do not have economic