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Australian Indigenous Entrepreneurship: A Capital-Based View

Encouraging entrepreneurship has been advocated as the most promising avenue for economic development of Indigenous communities in Australia. Unfortunately, the number of Indigenous people engaged in small businesses in Australia is low compared with participation rates in other countries. One explanation suggested for this low participation rate in small business is that Indigenous Australians lack the traits or cultural attitudes necessary for success. This paper advocates a different view, arguing instead that analysing Indigenous access to capital in its multiple forms provides for a richer explanation – and exploration – of the barriers to Indigenous entrepreneurship.