Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An Overview

Entrepreneurship as a driver of innovation and economic growth plays a key role in economic development and the appearance of knowledge and innovation-based economies. The most important effects of entrepreneurship development are increasing innovation, upgrading technology, increasing employment, p...

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Main Authors: Mohammadali Zrar Mohsin, Abdulkhaliq Sabir Sadiq
Format: Article
Language:English
Published: Center for International Scientific Research of VŠO and VŠPP 2019-12-01
Series:International Journal of Entrepreneurial Knowledge
Subjects:
Online Access:http://www.degruyter.com/view/j/ijek.2019.7.issue-2/ijek-2019-0006/ijek-2019-0006.xml?format=INT
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author Mohammadali Zrar Mohsin
Abdulkhaliq Sabir Sadiq
author_facet Mohammadali Zrar Mohsin
Abdulkhaliq Sabir Sadiq
author_sort Mohammadali Zrar Mohsin
collection DOAJ
description Entrepreneurship as a driver of innovation and economic growth plays a key role in economic development and the appearance of knowledge and innovation-based economies. The most important effects of entrepreneurship development are increasing innovation, upgrading technology, increasing employment, producing technical knowledge, and generating income distribution at the community level, which can lead to increased national wealth and economic growth. At the moment, global developments are made entrepreneurship so important, and organizations need more innovation and entrepreneurship than ever before to adapt to new circumstances. In fact, in relation to entrepreneurship as the most important factor in economic development, organizations can gain more market share. The objectives of this study are to examine and overview the prospects and challenges of entrepreneurship in Iraq’s Kurdistan region. In this regard, it can be said that with the human resources available and the valuable experiences available in the field of entrepreneurship around the world, it is necessary to plan for entrepreneurship development in the Kurdish Region of Iraq (KRI). It is revealed in this study Iraqi Kurdistan is determined can be one of the top entrepreneurial centers in the region with the scientific ability of specialists, and the potential of human resources, flexible structure and efficient technology. This paper recommended some strategies to reform and removing barriers to entrepreneurship development in the Kurdistan Region of Iraq by using factors such as entrepreneurship development and appropriate culture building, job training, setting up small business development centers, sponsoring entrepreneurs, establishing the legal framework for entrepreneurial activities, and providing spiritual support to entrepreneurs can lead to social, economic and industrial development and the declines of unemployment.
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spelling doaj.art-8c57367d60494dcab768891a4c603f032022-12-22T01:56:25ZengCenter for International Scientific Research of VŠO and VŠPPInternational Journal of Entrepreneurial Knowledge2336-29602019-12-017241610.2478/ijek-2019-0006ijek-2019-0006Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An OverviewMohammadali Zrar Mohsin0Abdulkhaliq Sabir Sadiq1Department of Business Administration, Soran Technical Institute, Erbil Polytechnique University, Soran, Kurdistan Region, IraqDepartment of Business Management, Faulty of Law, Political Science and Management, Soran University, Soran, Kurdistan Region, IraqEntrepreneurship as a driver of innovation and economic growth plays a key role in economic development and the appearance of knowledge and innovation-based economies. The most important effects of entrepreneurship development are increasing innovation, upgrading technology, increasing employment, producing technical knowledge, and generating income distribution at the community level, which can lead to increased national wealth and economic growth. At the moment, global developments are made entrepreneurship so important, and organizations need more innovation and entrepreneurship than ever before to adapt to new circumstances. In fact, in relation to entrepreneurship as the most important factor in economic development, organizations can gain more market share. The objectives of this study are to examine and overview the prospects and challenges of entrepreneurship in Iraq’s Kurdistan region. In this regard, it can be said that with the human resources available and the valuable experiences available in the field of entrepreneurship around the world, it is necessary to plan for entrepreneurship development in the Kurdish Region of Iraq (KRI). It is revealed in this study Iraqi Kurdistan is determined can be one of the top entrepreneurial centers in the region with the scientific ability of specialists, and the potential of human resources, flexible structure and efficient technology. This paper recommended some strategies to reform and removing barriers to entrepreneurship development in the Kurdistan Region of Iraq by using factors such as entrepreneurship development and appropriate culture building, job training, setting up small business development centers, sponsoring entrepreneurs, establishing the legal framework for entrepreneurial activities, and providing spiritual support to entrepreneurs can lead to social, economic and industrial development and the declines of unemployment.http://www.degruyter.com/view/j/ijek.2019.7.issue-2/ijek-2019-0006/ijek-2019-0006.xml?format=INTentrepreneurshipdevelopmentprospectschallengesm13m38
spellingShingle Mohammadali Zrar Mohsin
Abdulkhaliq Sabir Sadiq
Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An Overview
International Journal of Entrepreneurial Knowledge
entrepreneurship
development
prospects
challenges
m13
m38
title Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An Overview
title_full Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An Overview
title_fullStr Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An Overview
title_full_unstemmed Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An Overview
title_short Prospects and Challenges of Entrepreneurship Development in the Kurdistan Region of Iraq: An Overview
title_sort prospects and challenges of entrepreneurship development in the kurdistan region of iraq an overview
topic entrepreneurship
development
prospects
challenges
m13
m38
url http://www.degruyter.com/view/j/ijek.2019.7.issue-2/ijek-2019-0006/ijek-2019-0006.xml?format=INT
work_keys_str_mv AT mohammadalizrarmohsin prospectsandchallengesofentrepreneurshipdevelopmentinthekurdistanregionofiraqanoverview
AT abdulkhaliqsabirsadiq prospectsandchallengesofentrepreneurshipdevelopmentinthekurdistanregionofiraqanoverview