Entrepreneurship

Entrepreneurship has emerged over the past three decades, as arguably the most potent economic force that the world has ever seen. The focus of economic development, and even of university course business programs, has shifted more heavily toward entrepreneurship.This increased interest in the entrepreneur's role in the economy has led to a growing body of research attempting to identify the factors that promote and leverage entrepreneurship.
The level of entrepreneurship differs considerably across countries and over the time. Both causes and consequences of entrepreneurship are a matter of significant debate among scientists, policy makers and governments. A high level of entrepreneurial activity is assumed that makes a great contribution to foster competition, innovation, economic growth, job creation and well being of the citizens.
According to Global Entrepreneurship Monitor (GEM), an world research involving 70 countries, there is an wide agreement on the importance of entrepreneurship for economic development. Entrepreneurs drive innovation, they speed up structural changes in the economy and force old incumbent firms to shape up thereby making an indirect contribution to productivity.