IDEAS home Printed from https://ideas.repec.org/a/ids/ijesbu/v22y2014i1p106-114.html
   My bibliography  Save this article

Entrepreneurship in an Alpine micro-nation: the case of Liechtenstein

Author

Listed:
  • Felix Schuessler
  • Michael T. Schaper
  • Sascha Kraus

Abstract

Although it is one of the smallest nation-states in existence, the Principality of Liechtenstein has one of the highest rates of entrepreneurship in the developed world. More than 14% of the population is self-employed or works in their own firm, and there are more than 4,000 businesses in a population of just 35,000 people, even though the country has few natural resources or advantages. This article examines how such a micro-nation has succeeded in spite of its disadvantages. The paper outlines the history of the principality and its economic development over the last century, identifies the main drivers for the very positive entrepreneurial climate in the Alpine micro-nation, and outlines current opportunities and problems faced by entrepreneurs in the country.

Suggested Citation

  • Felix Schuessler & Michael T. Schaper & Sascha Kraus, 2014. "Entrepreneurship in an Alpine micro-nation: the case of Liechtenstein," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 22(1), pages 106-114.
    • Handle: RePEc:ids:ijesbu:v:22:y:2014:i:1:p:106-114
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=62133
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Garcés Bautista, Jose Luis & Estellés Miguel, Sofia & Sarmiento Suarez, Jaime Enrique & Peris Ortiz, Marta & Valero Córdoba, Gladys Mireya, 2022. "Born globals: conveniencia de definición de determinantes para un país latinoamericano: Colombia," Revista Tendencias, Universidad de Narino, vol. 23(2), pages 202-219, July.
    2. Sascha Kraus & Alexander Brem & Miriam Schuessler & Felix Schuessler & Thomas Niemand, 2019. "Innovative Born Globals: Investigating the Influence of Their Business Models on International Performance," World Scientific Book Chapters, in: Alexander Brem & Joe Tidd & Tugrul Daim (ed.), Managing Innovation Internationalization of Innovation, chapter 11, pages 275-328, World Scientific Publishing Co. Pte. Ltd..
    3. Harms, Rainer & Luck, Florian & Kraus, Sascha & Walsh, Steven, 2014. "On the motivational drivers of gray entrepreneurship: An exploratory study," Technological Forecasting and Social Change, Elsevier, vol. 89(C), pages 358-365.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijesbu:v:22:y:2014:i:1:p:106-114. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=74 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.