America Abroad –Government and Entrepreneurship
Governments around the world are trying to figure out if and how they can help promote entrepreneurship, which is considered critical to global competitiveness. But in the United States, there's nothing more politically contentious than the role of government in the economy.
In this episode of America Abroad, we look at how government intervention helps and hurts entrepreneurs, and we examine what the US can learn from the success and failures of other countries.
America's business incubators: are they working?
While government-funded entrepreneurial programs garner a lot of political and media attention, they are often not the most effective in fostering entrepreneurship. Reporter David Barnett takes us to an "innovation hub" started with the help of the Obama Administration in Youngstown, Ohio. And we hear from Adam Hochberg on how similar programs have fared in Chapel Hill, North Carolina.
Reporter Jennifer Strong examines whether the Defense Advanced Research Projects Agency (DARPA) helps spur scientific and technological innovation in the United States.
While the US is considered one of the top five places in the world to do business according to World Bank rankings, we look at why countries like Singapore and New Zealand have scored even higher. And Linda Gradstein reports on why Israel -- known as the "start-up nation" -- only ranks 38th.
We look at how American bankruptcy law has helped entrepreneurs bounce back from failure. Meanwhile, a "business court" in Massachusetts is helping entrepreneurs cut through the red tape of government regulations.