HIGHLIGHTS
SUMMARY
Long distances, challenging climatic conditions, and long periods of darkness pose unique challenges when it comes to developing business activities in the Arctic. The most important factors in the development of entrepreneurship in the Arctic, creating a mosaic picture of the situation in the Arctic territories, are: geographical location, island or quasi-continental * position; presence of large resource corporations and the specific stage of their exploitation of the resource field; institutional structure of the local economy in terms of degree of nationalization. The changing Arctic environment could lead to an "Arctic gold rush", where . . .
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