Thinking Small Misses the Bigger Productivity Picture

European economic performance in recent years has been a disappointment. While many puzzle over the reasons for this poor economic performance, one surprising cause is consistently overlooked: Europe has too many small firms. As ITIF President Rob Atkinson writes for The Telegraph, large firms are more productive, more innovative, and provide better jobs. Europe’s economic challenge is multifaceted, but one simple step all European governments can take would be to stop “thinking small.”