Abstract
The study is an examination of the entrepreneurship development and business climate of the Northern part of Iraq. The undertaking of the study stems from insights which exhibit that efforts to foster economic growth and development and other social aspects are influenced by entrepreneurship development. But the major challenge is that such ability and effectiveness rely significantly on an economy’s business climate. This study examines the nature of business climate in North Iraq and how it is influencing entrepreneurship development. The study also examined challenges undermining entrepreneurship development. Opportunity-based and resources-based theoretical insights on entrepreneurship development were used to shed more light on the aspect of and related entrepreneurship development initiatives. This was reinforced by a combination of empirical studies on entrepreneurship development and business climate. Statistical data was also used to support the established arguments and the findings showed that efforts to develop effective entrepreneurship development activities rely on the need to harness between political, economic, social and technological aspects. The findings also showed that political instabilities, lack of capital funding, lack of infrastructure, barriers to entry and the red tap are key determinants of North Iraq’s business climate. The results further led to the conclusion that the business climate in North Iraq is imposing severe limitations on entrepreneurship development.
Highlights
It is apparent that most economies around the world such as North Iraq are facing a series of severe and widespread economic challenges
Efforts to examine how North Iraq’s business climate influences entrepreneurship development can be made possible by first outlining why it is important to promote entrepreneurship development in the first place. This includes looking at incidences and issues that have been shaping the business climate and imposing effects on both entrepreneurship development
The business climate in North Iraq is not creating a conducive atmosphere for entrepreneurs to thrive and can be said to be hampering entrepreneurship development
Summary
It is apparent that most economies around the world such as North Iraq are facing a series of severe and widespread economic challenges. This study seeks to examine the nature of business climate in North Iraq and how it is influencing entrepreneurship development in an attempt to unravel some of the challenges undermining entrepreneurship development. With regards to North Iraq, one can contend that failure by the government to make available of the necessary financial support to entrepreneurs will undermine entrepreneurship development.
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