Entrepreneurship Education And Economic Development Essay examples

1054 Words Sep 15th, 2015 5 Pages
Entrepreneurship education has emerged over the past two decades as the most potent economic force the world has ever witnessed. The growth can be seen as indicative of widespread governmental belief in the positive impact that entrepreneurship can have on the socio-economic and political infrastructure of a nation (Matlay, 2008). Public policy makers recognise the importance of entrepreneurship as determinant of economic development and hence support instruments like entrepreneurship education to increase entrepreneurial activity (Fayolle et al., 2006). The value of, and the need for entrepreneurship education, which explains its phenomenal growth can be summed up in a report by the Global Education Institute (GEI) of the World Economic Forum (2009) which stated that while education is one of the most important foundations for economic development, entrepreneurship is a major driver of innovation and economic growth. Entrepreneurship education plays an essential role in shaping attitudes, skills and culture- from primary level up. In other words, entrepreneurial skills, attitudes, and behaviours can be learned, and that exposure to entrepreneurship education throughout an individual’s learning path, starting from youth and continuing through adulthood into higher education- as well as reaching out to those economically or socially excluded is imperative.

The emerging consensus in academia is that, entrepreneurship education or at least certain aspects of it,…

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