Citizens today need to be well equipped to embark on the path to development. Whether it be embracing new technologies or investing in opportunities, able entrepreneurship is often what contributes to a country’s economy.
When it comes to training entrepreneurs, entrepreneurship education helps fine-tune the entrepreneurship skills. The job of an entrepreneur is to locate opportunities, finding indigenous business opportunities that benefit local people well. You might not be a born entrepreneur, but you can develop the required entrepreneurial skills to develop and manage new business ventures.
The challenges to develop good entrepreneurs are many – they need to understand that there is a need to develop their hindsight skills to identify entrepreneurial activities. This is why there has been a burning debate on whether entrepreneurs can actually be ‘trained’ or ‘taught’.
Establishing a small business by itself does not mean that you’re carrying out an entrepreneurial activity – small businesses can include erecting fences or running a corner shop as well. Various economies have adopted educational reforms in context to (TVET) Technical and Vocational Education and Training and (EPE) Entrepreneurship Education. To provide better solution for a better future, Mediterranean regions are undergoing major changes in educational fields under the Union of Mediterranean (UFM) and Local Educational and Entrepreneurial Development (LEED) programmes.
Entrepreneurship in Education
The Mediterranean regions have some of the oldest as well as the most recent universities established. A focus on higher education has led to major development in gaining achievements. Despite the fact that the economy is greatly boosted with providing education in order to improve efficiency among the future generations, 34% of students in southern Mediterranean regions are not receiving primary education. Illiteracy rates in countries like Morocco (50.5%), Tunisia (34.5%), Algeria (43%), and Egypt (48%) are high. This will affect the future national growth. In Croatia, the number of pupils in primary schools has increased by 20% in the recent years.
A New Reform for Vocational Training
With the high rate of unemployment and growing population in Mediterranean countries, a new reform for vocational training has come into picture. The Ministry of Vocational Training undertook a broad consultation to improve the education system in order to develop the future generations. This plan aimed at improving the status of MED countries by 2018. The reforms are set out to improve the effectiveness and efficiency throughout the system by improving the quality of training and also increased the role for entrepreneurship in the training and education system. The learning environment will be more supportive to entrepreneurial activities. MED helps people prepare them to become better entrepreneurs through improved vocational training and education system.