A reform strategy for Germany

M.W.J.L. Sanders, G. Latifi, Elisa Terragno Bogliaccini, Mikael Stenkula, László Szerb, Balazs Pager, A.M. Herrmann, M. Fritsch, Michael Wyrwich

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review


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’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.
Original languageEnglish
Title of host publicationThe Entrepreneurial Society
Subtitle of host publicationA Reform Agenda for Germany, Italy and the UK
EditorsMark Sanders, Axel Marx, Mikael Stenkula
Number of pages39
ISBN (Electronic)978-3-662-61007-7
ISBN (Print)978-3-662-61006-0
Publication statusPublished - 2020

Publication series

NameInternational Studies in Entrepreneurship


  • Germany
  • entrepreneurship
  • Varieties of Capitalism
  • Entrepreneurship policy
  • Entrepreneurial ecosystem


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