This book is open access under a CC BY 4.0 license. The authors of this book advise the
economies of the European Union to become more entrepreneurial in promoting innovation and
economic growth. The authors propose a reform strategy with respect to several aspects to
achieve this goal. Starting with the rule of law and the protection of property rights the tax
system the authors deal with regulations governing savings capital and finance and the
organization of labor markets and social insurance systems. Framework strategies related to the
regulations governing goods and service markets bankruptcy and insolvency are also put
forward. A core understanding and future path is also provided towards R&D commercialization
and knowledge spillovers human capital investments and informal institutions.
