The McGill International Entrepreneurship series
Edited by Hamid Etemad, Tage Koed Madsen, Erik S. Rasmussen and Per Servais
Chapter 11: Comparing entrepreneurial attributes and internationalization perceptions of business students in Germany before and during the economic crisis
The universal objective of improving economic competitiveness is based on systematic discussions about entrepreneurship and the capability of innovation. In Europe entrepreneurship and entrepreneurship education have featured intensively as strategic topics in the politico-economic agenda since the Lisbon Agenda 2000, when the European heads of government – based on research results about the positive impacts of innovative business start-ups on employment, growth and competition – declared the joint aim to make the European Union the most competitive and the most dynamic knowledge-based economic area worldwide before 2010, accompanied by more employment as well as higher qualified jobs (European Council 2000; Ofstad 2008). Within the scope of such a challenge facing the major industrial countries, Germany seems to be successively forfeiting its leading position in the arena of highly advanced technology. Therefore, established as well as new, usually internationally oriented, innovative business ventures constitute a crucial criterion in preserving Germany’s worldwide economic position. After the slump of the stock exchange prices at the Neuer Markt the business creation euphoria in Germany, as well as the previously strong start-up interest of academics unfortunately declined, which was reflected in the considerable decrease in business creations within the technology-oriented and knowledge-based sectors since 2001 (ZEW 2005; Breuer 2006).
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