Constraints faced by entrepreneurs in developing countries: a review and assessment. (1st January 2014)

• Record Type: Journal Article
• Authors: Panda, Swati; Dash, Shridhar
• Is Part Of: World review of entrepreneurship, management and sustainable development. Volume 10:Number 4(2014)
• Page Start: 405
• Page End: 421
• Publication Date: 2014-01-01
• Subjects: developing nations -- entrepreneurship -- entrepreneurial constraints -- micro -- small and medium enterprises -- MSMEs -- small and medium enterprises -- SMEs; Sustainable development -- Periodicals; Entrepreneurship -- Periodicals; 338.04
• Languages: English
• ISSNs: 1746-0573

Abstract

This paper reviews, summarises and ranks the constraints faced by entrepreneurs in developing countries, from an entrepreneur's perspective at a macro level. Given that, developing countries face resource constraints for creation of favourable policy environment for entrepreneurs, the policy makers need to prioritise the allocation of their scarce resources. Keeping in consideration this concern, the paper develops a simple 'executable' framework for the policy makers. While financial constraints and constraints due to business, economic and political environment emerged as major obstacles from an entrepreneur's perspective, infrastructural constraints emerge as a vital constraint from the policy maker's perspective.