The Prospects of Entrepreneurial Education in Pakistan: An Economic Perspective

Abstract

Entrepreneurship has most commonly been thought of as in terms of economics and business ventures, but today, it is seen from several other perspectives. It encompasses economic, social, cultural and technological aspects of a region. In the more recent years, entrepreneurship has sought a wide acceptance as a discipline and as a domain of research. With the increased significance of entrepreneurship, a parallel increase has also been witnessed in the significance of entrepreneurialeducation. In Pakistan, the entrepreneurial education is still an alien discipline and it is no more than a decade back that the Higher Education Commission (HEC) of Pakistan realized its importance with the changing global trends and considered its incorporation in the higher education. However, still it is just limited to a single or two subjects in the undergraduate and postgraduate Business Administration degree programs. The main objective of this paper is to evaluate the potential role the entrepreneurialeducation can play in the economic growth of Pakistan. The prospects of entrepreneurship education are found to be higher in terms of economic growth. As a policy implication, the paper suggests the incorporation of entrepreneurial education into the higher education as a single standing specialization, for, it has a strong potential for the economic revitalization of Pakistan.