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Entrepreneurship Education in Germany: Teaching Risk Ventures in a Risk-Averse Society
Thurs 2:00 pm - 5D
Daniel Evans
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The famous German Wirschaftswunder economy is heading for trouble. High labor costs receive much of the blame for economic stagnation and unemployment, but there is at least one other major factor: very few start-up enterprises, and very few entrepreneurs to start them. The German social market economy is a compromise synthesis of free market economics with a highly-developed social protection net designed to avoid the uncertainties which create anxieties and social unrest. This economic structure, based on uncertainty avoidance, discourages entrepreneurship. The START Intra-Entrepreneurship Center at the University of Kassel is a formal educational program to teach and encourage entrepreneurship in a society which avoids risks