Entrepreneurship in an Alpine micro-nation: the case of Liechtenstein
by Felix Schuessler; Michael T. Schaper; Sascha Kraus
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 22, No. 1, 2014

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.

Online publication date: Fri, 30-May-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Entrepreneurship and Small Business (IJESB):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com