ABSTRACT

This chapter aims to demonstrate an understanding of the current Global Entrepreneurial Revolution and identify the major trends and forces shaping the Global Entrepreneurial Revolution. It analyzes various metrics in order to measure the determinants, performance, and impacts of entrepreneurship in an economy. Among the most encouraging developments in the global entrepreneurial arena has been the acceptance of the ideas of free market capitalism in countries with a history of socialism. In response to the demands of various forces and as their own priority, policy makers in most countries are directing efforts to encourage entrepreneurship among local communities and promoting the creation of entrepreneurial societies. In addition to the quantitative variations, qualitative differences also exist in entrepreneurial activities worldwide.