ABSTRACT
A growing number of governments have become 'entrepreneurial', in other words, they adopt policies that promise to increase public revenue and focus on nurturing new firms, high technologies, growing industrial sectors, and other high-growth businesses. Entrepreneurial strategy refers to a collection of government economic development policies that focus on developing high-growth new firms and technologies. Entrepreneurial approach is apparent in redevelopment, especially in attacking the problems of urban decay or blight. Redevelopment tends to refer to economic development for blighted areas, but occasionally also includes upscale redevelopment as well. Blight is a two-faceted concept namely physical blight and economic blight. In addition to various entrepreneurial strategies, deregulation is pursued by many governments for economic development purposes. Deregulation, the policy and practice of government reducing or removing regulations, is a special form of privatization. Privatization can take many forms, all aiming to shift functions and responsibilities, in whole or in part, from the government to the private sector.
