America dominated world trade and business throughout most of the 20th century. The multinational corporation is the dominant institution which drove global trade in the second half of the 20th century, however before that, individual entrepreneurs were behind much of America’s business growth as it rose to become a world economic super power. Since the 1980’s there has been a revival of American styles of entrepreneurship, and it has spread and incarnated into other western and non-western countries as well. It has become clear that 21st century economic growth will depend on the new entrepreneur. It has already done so in the IT digital revolution as well as other areas, such as transportation (FedEx, Southwest Airlines, Virgin Group), retail (Body Shop, Starbucks), and communication (Apple Inc.). The role of the entrepreneur has never been so vital, and this is why one can find countless new publications, courses and seminars in entrepreneurship. This article critically examines the roles of the new entrepreneur in the 21st century global economy.