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Entrepreneurship, the Rule of Law, and Protection of Property Rights

In: The Entrepreneurial Society

Author

Listed:
  • Niklas Elert

    (Research Institute of Industrial Economics (IFN))

  • Magnus Henrekson

    (Research Institute of Industrial Economics (IFN))

  • Mark Sanders

    (Utrecht University)

Abstract

Property rights protection and the rule of law are arguably the most fundamental economic institutions of any society. They form the foundation of any entrepreneurial ecosystem and affect the effectiveness of collaborative innovation blocs. To promote an entrepreneurial society, there is therefore no alternative but to ensure that these foundational institutions are of high quality and operate effectively throughout the European Union. The reform proposals in this section aim to provide security while balancing public and private interest in limiting property rights where appropriate. While the European Union has strong legal competencies in this reform area, it has to collaborate with local, regional, and national governments to ensure that these fundamental institutions are also operational.

Suggested Citation

  • Niklas Elert & Magnus Henrekson & Mark Sanders, 2019. "Entrepreneurship, the Rule of Law, and Protection of Property Rights," International Studies in Entrepreneurship, in: The Entrepreneurial Society, chapter 2, pages 25-33, Springer.
    • Handle: RePEc:spr:inschp:978-3-662-59586-2_2
    DOI: 10.1007/978-3-662-59586-2_2
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