Entrepreneurship and Economic Development

While on the face of it one might assume that entrepreneurship would have a positive impact on economic and social development, there are those that have questioned this proposition.  Baumol, for example, has observed that “entrepreneurship can take various forms, and not everything labeled as ‘entrepreneurial’ might be desirable from a macroeconomic and societal perspective”.  If this is true, policymakers developing tools to encourage and support “entrepreneurism” need to have a better understanding of just what types of entrepreneurial activities are likely to have the most positive impact on economic development.  This month's report provides an overview of some of the research that has been done regarding the relationship between "entrepreneurship" and "development".

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