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Constraints faced by entrepreneurs in developing countries: a review and assessment

Author

Listed:
  • Swati Panda
  • Shridhar Dash

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.

Suggested Citation

  • Swati Panda & Shridhar Dash, 2014. "Constraints faced by entrepreneurs in developing countries: a review and assessment," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 10(4), pages 405-421.
    • Handle: RePEc:ids:wremsd:v:10:y:2014:i:4:p:405-421
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    Citations

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    Cited by:

    1. Bhuiyan, Muhammad Faress & Ivlevs, Artjoms, 2019. "Micro-entrepreneurship and subjective well-being: Evidence from rural Bangladesh," Journal of Business Venturing, Elsevier, vol. 34(4), pages 625-645.
    2. Chan Yang & Xiaogang He & Xiaoyan Wang & Jinjun Nie, 2022. "The Influence of Family Social Status on Farmer Entrepreneurship: Empirical Analysis Based on Thousand Villages Survey in China," Sustainability, MDPI, vol. 14(14), pages 1-27, July.
    3. Muhammad Nawaz Tunio & Mushtaque Ali Jariko & Tom Børsen & Sadia Shaikh & Tania Mushtaque & Mohsen Brahmi, 2021. "How Entrepreneurship Sustains Barriers in the Entrepreneurial Process—A Lesson from a Developing Nation," Sustainability, MDPI, vol. 13(20), pages 1-17, October.
    4. Daniel Ruiz-Palomo & Manuel à ngel Fernández-Gámez & Ana León-Gómez, 2022. "Analyzing the Effect of Financial Constraints on Technological and Management Innovation in SMEs: A Gender Perspective," SAGE Open, , vol. 12(1), pages 21582440221, March.

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