Wu Yuenong: The Business of America Is Business——Revelation of American Entrepreneurship

Release time:2022-04-07Author: Wu Yuenong

This paper argues that even if China's economic aggregate surpasses that of the United States in the future, there will still be a huge disparity between the two in terms of per capita GDP, labor productivity, business environment, and scientific research. An important angle to interpret the strength of the United States is to start with American entrepreneurship.


The enormous innovation and wealth creation capabilities of American companies cannot be ignored. Modern China has learned a lot of political, scientific, economic and other knowledge from the United States. At present, the comprehensiveness of US national strength, the innovativeness of leading the latest technological changes, and the mechanism for gathering global talents are still worth of learning from. This paper summarizes the following four inspirations of American entrepreneurship to China, and expounds them respectively: ① The business of America is business; ② Entrepreneurs aim to change the world; ③ Entrepreneurs are new American heroes; ④ The enterprise leads the integration of production, learning and application.