THE INFLUENCE OF ENTREPRENEURIAL ECONOMY AND EDUCATION ON THE SUSTAINABLE DEVELOPEMENT

The purpose of this paper is to reveal why entrepreneurship is so important for sustainable development, being widely acknowledged that it is one of the most important forces for the economic development. We verified- for five European countries- the theory concerning the linkage between knowledge – as a special factor of production – and the economic growth, confirming the “European paradox ” From the cross country data available, gathered by GEM, we analyzed and discussed the U-shape relationship between total entrepreneurial activity and per capita GDP, in EU countries, focusing on the Romanian case. The paper also reveals a diagnosis regarding the actual stage of entrepreneurial education in our country. Based on the collected data, we conclude that the actual level of the entrepreneurial education in Romanian universities is considered low to medium