U.S. still leads the world in entrepreneurship


12 January 2012
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Aspiring business owners know that it often takes more than work experience on a resume and funding to build a successful company.  Now, a new study has found that entrepreneurs still have a better chance of launching a profitable business in the U.S. than in any other country in the world.

According to the 2012 Global Entrepreneurship and Development Index, the U.S. tops the world as the best economy for entrepreneurs, followed by Sweden and Australia, Iceland, Denmark and Canada.

Zoltan Acs, professor and director of the Center for Entrepreneurship and Public Policy at George Mason University, told the Miami Herald the report showed that despite the global economic crisis, the U.S. has managed to remain steady in its entrepreneurial development.

"If governments think that entrepreneurship is important, they promote it through their policies, including supporting education, increasing commercialization and making finance available to start businesses and creating knowledge," Acs told the news agency.

Acs said that even though the U.S. led the index report, it still has a long way to go to recover from the height of the economic downturn two years ago.

The Bureau of Labor Statistics reports that approximately 2.5 million jobs were created in the U.S. by new establishments in 2010.

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