Understanding the drivers of an ‘entrepreneurial’ economy: Lessons from Japan and the Netherlands

"In the present chapter we aim to create more insight into the underlying factors of both the current level and the historical development of entrepreneurial activity in two developed but otherwise dissimilar countries. Whereas the Netherlands is seen as an example of a more entrepreneurial economy, Japan can be regarded as a more managed economy that could be on the verge of a regime switch. Indeed, there are some interesting contradictions in terms of entrepreneurial activity in the two countries that demand further investigation, such as the contradictory developments of the business ownership rate. Besides examining the factors that explain the differences in entrepreneurial activity between the two countries, we also attempt to derive some specific policy recommendations for the two countries under study."

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