President Obama recently issued an executive order instructing federal agencies to take steps to reduce regulations that are overly burdensome on entrepreneurs. He's also said that when it comes to the economy, entrepreneurs create two out of three jobs in the country.
But according to a recent report by the Small Business Administration, the U.S. is falling in the world in terms of start-up activity, while countries like Canada, Denmark and Norway pull ahead. We speak with Max Chafkin, of Inc. Magazine, who recently traveled to Norway to see what makes entrepreneurs thrive there, despite high payroll and sales taxes.
- Inc. Magazine: In Norway, Start-ups Say Ja to socialism
This segment aired on March 23, 2011.