A Better Way to Build Democracy

The Kauffman Foundation’s Carl Schramm argues that exporting entrepreneurship is the most effective foreign-policy option

It's a long held and well-worn truism that entrepreneurship is the engine that drives the American economy. The Small Business Administration frequently trots out its statistics that small businesses represent 99.7% of all employer companies, create an estimated 80% of all jobs, and generate more than 50% of nonfarm private gross domestic product. And nearly all Presidential Administrations, whether Democrat or Republican, have publicly endorsed the significance of the entrepreneur to the American economic system.

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