The Global Small Business Blog has a Q&A with Elaine Allen of Babson College who is the research director of the Global Entrepreneurship Monitor (they publish regular surveys on entrepreneurship featured in this blog). Here is a sample of her comments in this insightful interview:
Reasons for the US continuing high rate of entrepreneurship can be partly explained by cultural values but economically it probably has to do with some of the lowest levels of perceived ‘red tape’ involved in starting a business and also the lower cost involved in starting a business in the US compared to other high-income countries.