@inbook{bb29a47071414a308a59112651cd5d5f,
title = "A reform strategy for Germany",
abstract = "In this chapter, we outline a reform strategy to promote a more entrepreneurial society in Germany. Germany has developed a successful model of capitalism in which high productivity growth is driven by on-the-job learning and firm-specific skill accumulation. The economy is rooted in a strong and regionally embedded Mittelstand, which supports an export-oriented industry mainly based on incremental innovations, but which is less conducive to more radical innovation. We, therefore, suggest a reform agenda for Germany that encourages more entrepreneurial experimentation with the aim of facilitating radical innovation, both in incumbent and new firms. Germany{\textquoteright}s entrepreneurial talent should be encouraged to take on more risk, the education system could promote initiative, creativity and a willingness to experiment, and a more equal playing field between dependent employment and self-employment/employer could be created.",
keywords = "Germany, entrepreneurship, Varieties of Capitalism, Entrepreneurship policy, Entrepreneurial ecosystem",
author = "M.W.J.L. Sanders and G. Latifi and {Terragno Bogliaccini}, Elisa and Mikael Stenkula and L{\'a}szl{\'o} Szerb and Balazs Pager and A.M. Herrmann and M. Fritsch and Michael Wyrwich",
year = "2020",
doi = "10.1007/978-3-662-61007-7_7",
language = "English",
isbn = "978-3-662-61006-0",
volume = "44",
series = "International Studies in Entrepreneurship",
publisher = "Springer",
pages = "163--202",
editor = "Mark Sanders and Axel Marx and Stenkula, {Mikael }",
booktitle = "The Entrepreneurial Society",
}