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Entrepreneurial and SME Activity in Libya: Reviewing Contextual Obstacles and Challenges Leading to Its Fractured Enterprise Culture

In: The Palgrave Handbook of African Entrepreneurship

Author

Listed:
  • Abdulmonem Ahmed Esaudi

    (University of the West of Scotland)

  • Robert Smith
  • Veronica Scuotto

    (University of Turin)

Abstract

Entrepreneurship and SME activity in Libya, like many North African countries have traditionally been restricted by the role of large state-owned enterprises and historical, cultural and religious barriers. Whilst there is some evidence of change in recent years, historical and cultural impediments still remain deeply embedded. Libya is mired in an internecine Civil War making it a conflict zone. This is underpinned by a lack of a stable enterprise culture caused by a myriad of contextual obstacles and challenges which must be overcome before the power of entrepreneurship can be unleashed. It is essential to understand how such instability can derail potential opportunities. This review, drawing upon historical and cultural evidence explores Libyan entrepreneurial and SME behaviour to document contemporary entrepreneurial practice. Individual entrepreneurial endeavour has been impeded by systemic problems including political and social instability, endemic poverty, economic growth inequality, corruption, bureaucracy, ineffective infrastructure and a lack of enterprise support mechanisms. This study is timely given the rapidly evolving entrepreneurial dynamic.

Suggested Citation

  • Abdulmonem Ahmed Esaudi & Robert Smith & Veronica Scuotto, 2022. "Entrepreneurial and SME Activity in Libya: Reviewing Contextual Obstacles and Challenges Leading to Its Fractured Enterprise Culture," Springer Books, in: Oluwaseun Kolade & David Rae & Demola Obembe & Kassa Woldesenbet Beta (ed.), The Palgrave Handbook of African Entrepreneurship, chapter 0, pages 437-462, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-75894-3_18
    DOI: 10.1007/978-3-030-75894-3_18
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