Australia is has experienced a gigantic fall in entrepreneurship. Between 2003-05 and 2012-14, small business start-ups — as a percentage of all small businesses — declined by 40 per cent. This decline is substantially larger decline than in comparable countries, including the United States, United Kingdom, Canada, and Germany.
This is a key finding from a new book by the Fraser Institute in Canada, published in collaboration with the Institute of Public Affairs, which explores the importance of mitigating the effects of an ageing population on entrepreneurial activity.
Entrepreneurship is the backbone of a successful, growing, and innovative economy.
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in