Dutch report cites lack of entreprise
26 April 2006, AMSTERDAM — The business climate in the Netherlands scores average to good when compared with the situation in the 19 other industrialised countries of the Organisation for Economic Co-operation and Development (OECD), a new report has found.
26 April 2006
AMSTERDAM — The business climate in the Netherlands scores average to good when compared with the situation in the 19 other industrialised countries of the Organisation for Economic Co-operation and Development (OECD), a new report has found.
But the report published on Wednesday by Statistics Netherlands (CBS) identifies a lack of entrepreneurship as a "sticking point" in the Netherlands.
The report looks at 70 indicators to map out the economic performance and associated business climate in the 20 countries.
The Netherlands scores well in terms of secondary indicators such as the functioning of government and infrastructure. The country does less well when it comes to driving economic growth. The report cites a lack of innovation and entrepreneurship as the main restraints in this regard.
"The opportunities that markets and newly developed know-how offer appear not to be sufficiently exploited in the Netherlands. Furthermore it emerges entrepreneurs spend relatively little on research and development, putting future innovation and growth potential under pressure," the report's authors said.
They also said a major hindrance for start up entrepreneurs is that there are too few providers of venture capital.
In relation to innovation, the CBS said, the Netherlands can not only learn from the example set by the Scandinavian countries and Germany, but also from Hungary where companies cooperate better to renew products and production processes. Sweden, the US and Korea are much better than the Netherlands in relation to making capital available for businesses.
The Netherlands does nevertheless belong to the "leading group" when judged on labour productivity per hours worked, and very many Dutch people are in paid work compared to the situation in other countries. The flip side is that that the number of hours worked per working person is low in comparison with other OECD countries.
[Copyright Expatica News + ANP 2006]
Subject: Dutch news