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

2019 ◽  
Vol 7 (2) ◽  
pp. 4-16 ◽  
Author(s):  
Zrar Mohsin Mohammadali ◽  
Sabir Sadiq Abdulkhaliq

Abstract 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.

Author(s):  
Zrar Mohsin Mohammadali ◽  
Sabir Sadiq Abdulkhaliq

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.


Author(s):  
Witold Kwasnicki

AbstractThis paper presents an evolutionary model of industry development, and uses simulations to investigation the role of diversity and heterogeneity in firms’ behaviour, and hence industrial development. The simulations suggest that economic growth is increased with greater variety, in the sense of the evolutionary process approaching the equilibrium faster and also, in the long run, moving faster from one equilibrium to a new, more advanced, equilibrium. This occurs due to higher variety caused by a more tolerant environment, and due to the higher probability of emergence of radical innovations.


Author(s):  
Durga D Poudel

Sustainable conservation, development, and utilization of natural and human resources is necessary for accelerated economic growth and fast-paced socio-economic transformation of Nepal. Asta-Ja Framework, which is a theoretically grounded grassroots based peaceful and self-reliant planning and development approach, offers practical strategies for sustainable conservation and development of natural and human resources enhancing food, water, climate, and environmental security, accelerated economic growth, and socio-economic transformation of Nepal. Asta-Ja includes interconnected eight resources in Nepali letter, Ja, – Jal (water), Jamin (land), Jungle (forest), Jadibuti (medicinal and aromatic plants), Janashakti (manpower), Janawar (animal), Jarajuri (crop plants) and Jalabayu (climate). Asta-Ja Framework is a unifying framework for planning and resources development and has a strong footing on science, business, and eastern philosophy. While providing practical guidelines for achieving food, water, climate and environmental security, this article presents Nepal Vision 2040, which is developed considering challenges that Nepal is currently facing and its available Asta-Ja resources, envisioning that Nepal’s economic development reaching at the par of developed nations by 2040. Key strategic sectors identified in Nepal Vision 2040 include smallholder mixed-farming system, agro-jadibuti industrialization, protection of drinking water sources, climate change adaptation, environmental pollution control, conservation of natural resources, infrastructure, tourism, renewable energy, alleviation of inequalities, and good governance. This article demonstrates strategies for addressing social discrimination and inequalities through the process of Asta-Ja community capacity-building and self-reliant development. Ecological balance of Asta-Ja resources is necessary for sustainable natural resources, economic development, and community resiliency. The Government of Nepal is suggested to adopt Asta-Ja Framework as its national planning and development framework for sustainable economic growth and fast-paced socio-economic transformation of the country.


2020 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Mahad Mohamed Sheik

Purpose: The abundance of natural resources is usually considered the blessing for the countries that own such resources. However, such wealth is often associated with poverty and a slower economic growth. This phenomenon is called the resource curse, and it shows that most countries that are rich in natural resources have markedly reduced economic growth and development, and it shows that the wealth of natural resources adversely affects their economies, although it is intuitively expected to be the opposite i.e. that such wealth would have a positive impact on the country’s economic development. The general objective of the study was to find out the motivational effect of oil exploration in Somali and the habitual African resource curse. Methodology: The paper used a desk study review methodology where relevant empirical literature was reviewed to identify main themes and to extract knowledge gaps. Findings: The study found out that Oil resource exploration has led to progress in some developed economies such as Canada which was able to avoid the resource curse. This is because oil revenues helped Canada among other countries make investments in capital, build employment and grow. Other countries such as Russia and Japan have not been able to avoid the resource curse. African countries in general where the majority of oil producing nations are, have an inverse correlation between oil production and industrial development. Examples of African countries that have been affected by the resource curse are Nigeria, Angola, South Africa and Zimbabwe. Empirical results indicate that, Somalia motivation for oil exploration is for economic development. However, it has not been spared the resource curse because the presence of oil has led to civil wars and terrorisms as groups seek to control the areas with oil fields. In addition, Somali and Kenya have involved diplomatic warfare over oil reserves that are located in the Indian Ocean near their borders. Recommendations: The study recommends that the government should enact laws which will govern petroleum operations, as well as empowering the Somali Petroleum Authority,(SPA) which will act as a regulatory body overseeing oil and gas activity.


2016 ◽  
Vol 20 (1) ◽  
pp. 23
Author(s):  
Anisa Nurpita ◽  
Aulia Agni Nastiti

One of the objectives of regional economic development is to increase the economic sector, in which the increasing of economics sector will be beneficial for society. This indicator is important to recognize the condition of the economy in particular region in given period indicated by GDRP (Gross Domestic Regional Product) data of the region or area. Since the enactment of the autonomy then the local Government has bigger role in managing regional economic potential that exists in its territory. Economic growth is one of indicators that affect economic development. Economic development in substance aims to increase public welfare. Yogyakarta province is one of cities on the island of Java with the level of GDRP that keeps increasing each year since 2003 until 2013.In the development process there are also regions that have abundant of natural resources but lacking in human resources, and yet there are also regions that are otherwise lacking in terms of natural resources however have abundant in human resources, both in quality and quantity. This situation then leads to the distinction in development that resulted in the economic growth and disparities welfare in each region.  The research also aims to identify the patterns of economic growth according to Klassen Typology and describe the level of regional disparities between districts/cities in Special Region of Yogyakarta (DIY) Province. The methods of analysis used covers analysis of the Klassen Typology, inequality Williamson Index, and inequality Theil Entropy Index. The results showed classifications according to Klassen Typology, Yogyakarta is concluded in the category of advanced and fast growing area. The index disparities show a pattern of increasing. This implies that development in district / cities in Special Region of Yogyakarta (DIY) Province are increasingly uneven.


2019 ◽  
Vol 43 (7/8) ◽  
pp. 682-698 ◽  
Author(s):  
Samir Ul Hassan ◽  
Motika Sinha Rymbai ◽  
Aasif Ali Bhat

Purpose The study aims to explore the extent to which human resources development quantifies the economic growth of BRICS countries under the globalization era by controlling country differences. Design/methodology/approach The study used the Generalized Method of Moments (GMM) and Scheffe pairwise comparison tests to quantify the impact of the variables and the level of difference among the BRICS countries onto human Resources development. Findings The study observes that the impact of human resources development on economic growth of BRICS counties is significant but limited to few countries. The study reveals that countries such as India and South Africa are unable to utilize their human resources efficiently to promote economic growth, as compared with Russia, China and Brazil. The study further argues that there is urgent need of amalgam of various economic development theories keeping in mind the regional needs to extract the positive impact from human resource on economic development. Research limitations/implications The single limitation of this research is that it was not possible to compare the results with other developing countries to unleash the capabilities of human resources development with regard to economic growth at the universal level. Originality/value To the best of the authors’ knowledge, this paper is the first of its kind to analyze human resources development at a much deeper level. The paper has chosen variables which are important from the policy perspective of government rather than the working perspective, which is a great contribution. Further, for human index the variables chose covering major aspects of human development from spending perspective.


2015 ◽  
Vol 3 (5) ◽  
pp. 4-8
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya

The paper is aimed to forecast how the crisis in the Russian economy is likely to evolve. The construction of econometric models of Russia’s economic dynamics for the period of 2000 to 2015 allows to predict, that in 2015-2019 the deep economic crisis is to be expected. During the crisis period the overall decline in production can reach 20%. The greatest decline in production is likely to occur in 2016-2017. In 2019-2020 stabilization or transition to growth of production can follow. Present crisis developments are by about 80% due to unfavorable institutional environment, being the result of the laws adopted. Thus the transition to economic growth even in 2019-2020 is quite questionable. As the authors argue, to overcome the crisis developments in the economy, it is needed to pursue more effective policy of building institutions, which would boost economic growth and economic development, as well as policies, aimed at encouraging entrepreneurship development, bringing in investments and expanding domestic demand.


2020 ◽  
Vol 4 (10) ◽  
Author(s):  
Yunmeng Sheng ◽  
Fuying Duan ◽  
Jinsuo He ◽  
Shuaiying Xie ◽  
Jinge Li ◽  
...  

With the continuous economic growth, human resource service industry also plays an important role in the economic development. In order to explore the development of human resource service industry in Xinxiang, based on a survey of more than 50 enterprises and organizations in Xinxiang, Xinxiang's human resources service industry has a bright future, however, there are still some problems in the aspects of enterprise scale, personnel skills and agglomeration management. Therefore, different countermeasures are put forward for different roles to solve the development obstacles and promote the development of industry agglomeration, building a new type of human resources to serve the ecological industry chain.


2005 ◽  
Vol 22 (1) ◽  
pp. 3-26
Author(s):  
S. G. Peitchinis

Canada has grossly neglected the development of her human resources. In addition, she has failed to establish the very basic requisites for the efficient functioning of the labour market. Considering that both labour and the labour market have been attributed significant roles in the process of economic growth, what must we do to ensure the attainment and maintenance of a balance between the qualitative and quantitative occupational composition of the labour force and the manpower requirements of the economy?


Author(s):  
E. Garo ◽  
V. Kume ◽  
S. Basho

<p>In Albania, during the last decades entrepreneurship has been in focus. It is commonly agreed that developing entrepreneurship in the long term would be translated into sustainable economic development. Albanian economy, being an economy in transition greatly and urgently needs to invest into increasing the number of entrepreneurs in the country. Entrepreneurial intention is considered to be really important. Thus, the purpose of this paper is to observe the determinants of entrepreneurial intention in Albania. The target is university students. Many programs that foster entrepreneurship such as incubator centers, business plan competitions along with new educational practices have been developed. In addition, even though studies conducting in this field are few, Albanian education institutions have shown a willing to study the factors influencing entrepreneurship development. The reason is the belief that developing and supporting entrepreneurial activities among youth will positively influence the economy of the country in terms of economic growth.</p><p>This study widely represents the Albanian students and shows the deteminants of entrepreneurial intention they have. Hopefully the findings of this study would be useful to the policy makers and the Albanian government to undertake effective policies focused on entrepreneurial activity; targeting economic development of the country. </p>


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