ABSTRACT
Entrepreneurship is widely seen as a driver of economic growth as entrepreneurs create new businesses, introduce innovation, contribute to structural changes in the economy, and introduce new competition through launching new products and services. The vital role has heightened the interest in measuring and comparing levels and characteristics of entrepreneurship around the world as well as in understanding how entrepreneurship levels are influenced by national political, socioeconomic, and institutional environments. Global Entrepreneurship Monitor (GEM) adopts a common methodology for all participating countries consisting of an Adult Population Survey (APS) and a National Expert Survey (NES). The entrepreneurship development embraces a range of actors and institutions including educational, regulatory, financial, and business support institutions, and involves the public sector, Non-governmental organizations (NGOs), the private sector, and multilateral organisations. As Schoof illustrates, youth entrepreneurship policy can be defined as policy measures taken to foster entrepreneurial activity of young people in three differing ways.
