The Effectiveness of Entrepreneurial Activities for Economic Development: A Route to Innovation and Job Generation

Entrepreneurship is one of the most important input in the economic development of a country by which it creates new jobs and brings innovation. Economic development of a country is the outcome of determined social activity and in particular human. Thus, it is a fact that entrepreneurship plays a significant role in shaping the economy of a country. Nowadays, one of the key objectives of modern economics is to determine factors that influence the economic development and entrepreneurship could easily be considered as one of the factors that influence the economy, either directly or indirectly. Despite the global downturn entrepreneurs are enjoying because governments provide facilities to entrepreneurs in various ways because any country can be productive within the boundary of entrepreneurial activities. More and more entrepreneurial activity is shifted toward productive entrepreneurship since the government of money countries. Governments are trying to support the economic development of a country for economic development. In this report, the main objective was to identify the critical literature about international entrepreneurship and economic development in order to assess the effectiveness of entrepreneurial activities for economic development. Using different kinds of literatures from research papers, articles, books this paper highlights and examines the importance of entrepreneur activities and how these actions contribute towards innovation and job generation. Through the literature, the author has also tried to bring the facts into attention why many countries in the past and the recent global economic world providing many facilities to the entrepreneurs and as a followthrough what outcomes are being recorded. The following paper aims to create awareness among the academicians, government officials, politicians the effectiveness of entrepreneurial activities for economic development. To know the impact of international entrepreneurship for economic development critical literature about the topic has given below.