Higher Education's Role in Entrepreneurship and Economic Development

Abstract

This chapter provides an overview of the type of role that higher education plays in promoting entrepreneurship in the economy. The authors place this role within the context of social and economic change and a growing recognition of the value of entrepreneurship in influencing and absorbing the outcomes of such change. Equating entrepreneurship with new venture creation, the authors reflect on the different ways knowledge is transferred, particularly through education and training offered by higher education institutions.