Inspiration

Entrepreneurship and U.S. Competitiveness

Over the past two decades, America's economic engine not only outperformed the world, but supported wealth creation worldwide. The United States has led all major developed economies in terms of long-term growth rates and standards of living, and has also been responsible for one-third of economic growth around the globe.

One of the critical drivers of America's economic dynamism and flexibility has been the strength of its entrepreneurial economy...And in turn, its entrepreneurial strength generated a high proportion of the new jobs, productivity gains and innovations in the marketplace. Going forward, however, its early
advantages are likely to become less singular given trends in the global economy.

As Carl Schramm, President of the Kauffman Foundation, contends, "For the United States to survive and continue its economic and political leadership in the world, we must see entrepreneurship as our central comparative advantage. Nothing else can give us the necessary
leverage to remain an economic superpower.”

Where America Stands: Entrepreneurship Competitiveness Index, Council on Competitiveness, 2007