Abstract: While the previous generation had an average of four employers over the course of their lifetimes, the current generation will hold an average of four different jobs by the time they reach 30. One of their employers will be either someone they know or they will be self-employed. Over two-thirds of US college students will be their own boss at some point in their lifetime. Entrepreneurship is good, but not just for individuals. It is also the link to growth, jobs, and competitiveness in a global economy. The too often missing link in communities, cities, states, and entire countries plagued by rising unemployment and stagnation is entrepreneurship. Entrepreneurship saved the United States from going under in a sea of imports flooding in from Japan and Europe. It has also emerged as the positive and proactive response to globalization. In the leading developed economies, globalization and technology have triggered a shift away from traditional capital towards knowledge. This book argues that the entrepreneurial economy is the strategic response to this shift. It aims to provide an understanding and interpretation of the emergence of entrepreneurship policy.

Keywords: entrepreneurs, economic growth, globalization, public policy, technology, knowledge economy, innovation, competitiveness, developed economies, knowledge