Start-ups alone won’t save the economy, in two charts
The OECD makes the case that countries around the world should “promote entrepreneurship to exit the crisis” that they’ve faced since the 2008 global collapse. It points out that the number of new businesses in Spain — one of the EU’s biggest problem children — has slumped dramatically between 2007 and 2011. By contrast, the start-up rate seems to have recovered in the U.K., Germany and the United States, which are all on stronger fiscal footing:
On the other hand, of all the countries in the OECD report, France has experienced “the most spectacular increase in new businesses.” It’s the outgrowth of new, simplified procedures for start-ups. But it certainly hasn’t insulated France from its bigger economic woes.