Despite the profound impact of the banking sector collapse in 2008 on Iceland’s economy, the island nation ranks 13th in this year’s Global Innovation Index, 14th in the Ease of Doing Business rankings, and 23rd in the Index of Economic Freedom. There has been much debate and disagreement regarding the key steps that put this social-market economy on a path to successful recovery but no one denies the contribution of the more silent actors transforming the economy for the better—its entrepreneurs. I recently sat down in Reykjavik with President Ólafur Ragnar Grímsson to learn about the entrepreneurs who are building what they call an “anti-fragile” entrepreneurship ecosystem.
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