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by adim86
2455 days ago
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Well if those are the two measures then this paper would be wrong. 5 out of the top 10 most entrepreneurial countries according to this paper is in Sub Saharan Africa where government corruption is very high and there the inclusive policies are hit or miss...mostly miss while the US is number 46 on the list. As someone that has worked in both regions, the USA is waaaay easier to do business than Sub Saharan Africa but I have seen first hand that there is more entrepreneurship in sub-Saharan Africa than the US. I feel the people just do not expect the government to provide anything, so they just do it themselves. Most people have two jobs. One for the Govt or a Cooperation and they have their own on the side |
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In both countries it's very easy to build/run unofficial businesses. But running a legal business is very different. In Thailand, I needed to hire a full time bookkeeper plus 3 weeks/year of an accountant just to run a 5 person business, and still needed to suffer through 2 weeks/year of government audits. In the USA, I can do everything myself (about 2 weeks/year of tax/bureaucracy overhead)