Review on Entrepreneurship and Employment in Entrepreneurial Economy

Entrepreneurial economy was originated from America, there appeared a large number of entrepreneurs characteristic of being entrepreneurial. These entrepreneurs established a large number of innovative enterprises, and created most of the new jobs. In 1985, Peter Deruk first proposed the concept of entrepreneurial economy, and stressed that the economy had been turning America from the managed economy into entrepreneurial economy. This paper summarized the concept of entrepreneurial economy. Second, it explored relation between entrepreneurship and employment in entrepreneurial economy by referring to the related research achievements made by foreign and domestic scholars. Finally, it concluded foreign experience of promoting entrepreneurship and employment in entrepreneurial economy referring to the related study