Job Growth Linked to Entrepreneurs.

The emergence of a truly entrepreneurial economy in the U.S. during the last 15 to 20 years has been, perhaps, the most significant and hopeful event to have occurred in recent business and social history, maintains Rom J. Markin, director of the Center for Entrepreneurial Studies, Washington State University, Pullman. "All market-oriented countries are now committed, if not obsessed, with creating and implementing an entrepreneurial culture within their business and economic systems. It is the worldwide entrepreneurial spirit and endeavor that is creating new jobs, lowering unemployment, increasing disposable income, and creating vast new wealth."

While the economies of most developed nations, particularly those of Western Europe, have witnessed a reduction in their workforces, the number of people...