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Boulevard of Broken Dreams by Josh Lerner

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CHAPTER 5

THE NEGLECTED ART OF SETTING THE TABLE

In recent years, many nations in Europe, Asia, and the Americas, as well as local and regional governments, have adopted initiatives to stimulate new ventures. While these programs’ precise structures have differed, the efforts have been predicated on the rationales delineated in the preceding chapters. While some of the programs have been dramatic successes, governments worldwide have also squandered many billions of dollars on ill-conceived efforts. In some cases, these programs have even left their entrepreneurial sectors in worse shape than before. In the next four chapters, we’ll seek to understand what works and what doesn’t.

Government initiatives to simulate new venture activity can be ...

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