The Promotion of Young Entrepreneurs for Development Small and Medium Business

2017 ◽  
Vol 8 (2) ◽  
pp. 49-56
Author(s):  
Mariana Doga-Mîrzac
Keyword(s):  
Economic Development ◽  
Young People ◽  
Market Economy ◽  
Labour Force ◽  
Supply And Demand ◽  
Regional Level ◽  
Essential Component ◽  
The Past ◽  
Young Entrepreneurs ◽  
Small And Medium Business

Abstract Promoting entrepreneurship is an essential component to ensure economic development at the national and the regional level. Entrepreneurship in young people may directly stimulate them and positively influence the generations and communities in which it operates. Successful young entrepreneurs in identifying those aspects hold ideas that will contribute to the success of the business and have availability to conquer niches of business that other entrepreneurs have ignored them or have them watched in disbelief. Over the past few years, employment of young remains one of the main problems that persist, problem on the development of market economy has boosted it and deepened it, emphasizing the correlation between the supply and demand of labour force as a whole.

scholarly journals IMPROVING THE INTERACTION OF SMALL AND MEDIUM-SIZED ENTERPRISES WITH BANKS IN THE PROCESS OF CREDIT INTERRELATIONS

2018 ◽  
pp. 95-103
Author(s):  
Ihor HUTSAL
Keyword(s):  
Market Economy ◽  
Financial Intermediation ◽  
Mutual Influence ◽  
Supply And Demand ◽  
Regional Level ◽  
Economic Feasibility ◽  
Financial Contracts ◽  
Effective Collaboration ◽  
Market Infrastructure ◽  
Economic Expediency

Introduction. The article outlines the directions of interaction of SMEs with banks, attention is focused on mutually beneficial cooperation of entities market economy because of the interdependence of their relationship. It is confirmed that the interaction between SMEs and banks in the process of financial intermediation is carried out by mutual influence that happens within the existing communications and is accompanied by the exchange of resources and their obligations based on operational needs and financial capabilities and economic feasibility. Purpose. For effective collaboration and interaction between SMEs and banks it is necessary to implement the motivational principles at the regional level through the development of market infrastructure. On the first phase should be solved the problem of matching supply and demand of credit resources, mainly through refinancing of banks according to the needs of SMEs. Results. The next phase requires implementation of customer-oriented strategy of SMEs’ needs on the part of banks by systematization and standardization of banking products. Ideal variants for meeting the needs of SME banking products – are special loan programs, which are clustered approaches indeed. Conclusion. It is proved that the interaction of SMEs and banks is carried out by mutual influence between them in the process of sharing resources and obligations within financial contracts. Such interaction is based on operational needs and financial possibilities, economic expediency.

scholarly journals Understanding the Effectiveness of Higher Education System: Evidences from Market Outcomes of Early University Graduates in Seven European Countries

2020 ◽  
Vol 12 (18) ◽  
pp. 7761
Author(s):  
Zhen Yue ◽  
Kai Zhao
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Education System ◽  
Course Design ◽  
Labour Force ◽  
Supply And Demand ◽  
European Countries ◽  
Creative Economy ◽  
University Graduates ◽  
Socio Economic Development

Being enlightened by Richard Florida’s seminal work on the creative class, this paper aims to evaluate the effectiveness of higher education institutions to cultivate a workforce with utilised skills that meet the demand of labour market in the context of sustainable socio-economic development. Based on the macro and micro data generated from Eurostat and the Europe Labour Force Survey (EU LFS), the supply and demand condition of early graduates and the mismatch rate between early graduates’ education backgrounds and actual jobs they undertook are estimated by a multinomial logit model in seven European countries. The findings suggest that, (1) higher education has a significant impact on the formation of specific sustainability competencies that contribute to the development of creative economy; (2) many creative workers also have a high probability of finding jobs that are not commensurate with their qualifications; (3) the effect of higher education policies appears to be heterogeneous across different countries. Therefore, we argue that policy makers should increase awareness about connecting internal measures of education system (e.g., course design) directly to aims and scopes of sustainable socio-economic development scenarios, and joint efforts shall be made to reduce such mismatch rates for particular subjects that are identified by regular monitoring procedures or programmes on the basis of full consideration of interests and reasonable requirements across different countries in Europe.

scholarly journals MARKET UPDATE IN POST-SOVIET KAZAKHSTAN

2021 ◽  
Vol 69 (2) ◽  
Author(s):  
Anar Mami ◽  
Keyword(s):  
Economic Development ◽  
Market Economy ◽  
The State ◽  
Soviet Period ◽  
Market Reforms ◽  
Private Ownership ◽  
Current Crisis ◽  
Mixed Economy ◽  
The Past ◽  
Post Soviet Period

The article examines the results of market reforms in Kazakhstan in the post-Soviet period, comparing the past and present. For 30 years, the market economy has decided only some of the most pressing issues of the economy. The full transition to private ownership, which began in the 1990s, is already in its infancy. To get out of the current crisis in Kazakhstan, it is necessary to change the direction of economic development. The state must take responsibility for these changes. The result in the country should be a model of mixed economy, offering different forms of ownership. At the same time, the state must control the spheres that facilitate the lives of people and play a key role in the security of the country.

scholarly journals Human resource aspect of agricultural economy – challenges of demographic change

2017 ◽  
Vol 11 (3-4) ◽  
pp. 163-167
Author(s):  
Alexandra Rajczi ◽  
Péter Vörös ◽  
Krisztina Dajnoki
Keyword(s):  
Human Resource ◽  
Job Search ◽  
Rural Areas ◽  
Labour Force ◽  
Supply And Demand ◽  
Secondary Data ◽  
The Elderly ◽  
The Past ◽  
Active Population ◽  
Jel Code

Over the past decades, the agrarian policy has tried to contribute to the catching-up of the rural areas with varying dynamism and aid scheme. However, its result is significantly below expectations. Nowadays, the age composition of the population living in rural areas reveals an unfavourable picture; the rate of the elderly, deprived persons and people being inactive from the aspect of employment is high and it is also combined with the low educational levels. The young generations and intellectuals leave the rural areas and, consequently, the rate of the active population continues to grow narrow as well as the proportion of young and skilled employees decreases. As a consequence of changes in the past decades, the rate of agricultural employment has not led to an intensive change but a failing change in extensive direction which lays off jobs. Nowadays, this process also determines the Hungarian rural society. In the sector, the need for employment diminishes as a result of the development in technology and due to the expansion of services sector. The purpose of our study is to present and analyse the human resources of our country’s agriculture by skill level and age group and compare it with the needs of companies, by doing this we try to compare supply and demand. In details, based on secondary data source, we investigate the agricultural labour force and try to confront it with the advertisements of job search portals (three of our job search portals based on our predefined criteria), by which we achieve a current picture of the agricultural human resource circumstances. JEL Code: J43

scholarly journals Sustainability in the Contemporary Market Economy

2021 ◽  
Vol 27 (2) ◽  
pp. 6-11
Author(s):  
Cristina Bătuşaru ◽  
Alina Rădoiu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Market Economy ◽  
Intrinsic Value ◽  
Supply And Demand ◽  
Scientific Progress ◽  
Economic Agents ◽  
The Road ◽  
Sustainable Economic Development ◽  
Production And Consumption

Abstract Over time, the market economy has undergone many changes caused by the processes underlying its operation, and have focused on the scarcity of resources, interdependencies between economic agents, intensified exchanges, technical and scientific progress and computerization of economic systems. Given the many variables that act and ensure the functionality of the contemporary market economy, it is particularly important that the interdependencies between them be addressed in terms of sustainability. This paper addresses sustainability as a condition for supporting sustainable economic development, starting from the main links that support economic growth, namely production and consumption. Sustainable economic growth must be accompanied by measures to optimize the processes that characterize production and consumption, aiming at reducing resource waste, maximizing the intrinsic value of waste from economic activity and ensuring an infrastructure that makes it possible to move from the linear economy to the circular economy. Starting from the current stage of the steps taken to ensure sustainable economic development, the paper presents the main challenges faced by supply and demand, representing shortcomings in ensuring the road to circularity.

Quality and Factors of Economic Development: Matters of Evaluation and Analysis

2020 ◽  
Vol 27 (2) ◽  
pp. 17-33
Author(s):  
G. O. Kuranov ◽  
R. F. Luk’yanenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Young People ◽  
Labour Force ◽  
Historical Background ◽  
Social Progress ◽  
Quality Of Education ◽  
Regional Differentiation

With the exhaustion of the extensive factors of economic growth and the shift of development goals towards the quality of life, the quality of growth becomes the main condition for the further development of the country’s economy and social progress. This article addresses the multifaceted concept of the quality of economic growth and its content not only on the part of growth characteristics as dynamism, stability, consistency, efficiency, and progressiveness but also results of social development and inclusiveness of growth, as well as their determining factors. The interconnection, mutual support, and competitiveness of selected components of growth and its factors, including dynamism and growth inclusiveness are reviewed. The authors focus on the importance of understanding inclusiveness as creating equal, non-discriminatory conditions for the development of all population groups and economic entities, and not just the even distribution of development results. It is noted that the quality of growth is relevant as a link between current growth and sustainable development in the long term. It is essential to consider the quality of growth not only as a result of development but as a factor and condition for further progress, which is not yet fully reflected in the modern systems of development indices used by international organizations. A system of indicators of the quality of economic development should be developed according to the expansion of the concept of quality of growth. Using the advancement of the theory of endogenous growth makes it possible to assess the role of individual factors in economic growth. Along with fixed asset investments, the leading role in modern conditions is taken on by the quality of human capital, in the formation of which participate education, healthcare, science, and culture, while education, taking into account its vital role in the emergence of a new (VI) technological paradigm, deals with raising and nurturing the creative generation of young people who will shape the new order. The contribution of these industries to the long-term growth of the economy significantly exceeds their development costs. Considerable attention is paid to the study of factors determining the quality of education in general, especially at the regional level. It is noted that amidst the development of modern technologies responsible for the transfer of data and knowledge, as well as standardization and regulation of the processes of providing services, it is necessary to maintain the content of education services, their focus on the shaping of a creative personality and transferring creative work skills. Only this will ensure the country’s participation and its benefits in the creation of a new technological structure.The article examines factors that most affect the level and quality of education, and touch upon differentiation of regions according to these indicators. Among them: the state of the material and technical base, personnel availability and qualifications, terms for the provision of services, and others. The authors delve into the influence of region resource provision factors, remoteness from labour force centers of gravity and emerging research centers, as well as national particularities and historical background of the regions. The data on the “personnel migration” of young people of educational and post-educational age are presented. Relevant conclusions are made about some depletion of this resource in several remote regions. The efforts of the regions and the redistribution of funds through the federal budget, as well as business eff orts, are not enough to reduce the regional differentiation in education quality. This requires tailored solutions allowing to use the potential of young people from remote regions and regions not affected by scientific centralization, as an important human development factor. The paper considers directions for solving this problem.

Manpower, Education, and Economic Growth

1966 ◽  
Vol 4 (1) ◽  
pp. 83-93 ◽  
Author(s):  
E. R. Rado
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Capital Investment ◽  
Labour Force ◽  
Sole Source ◽  
Economic Planning ◽  
Notable Feature ◽  
The Past ◽  
Potential Rate

PERHAPS the most notable feature of the literature of economic development and planning over the past decade has been the discovery—or the belated rediscovery—that capital investment is not the sole source of economic growth; that the quality of the labour force is intimately connected with the (potential) rate of economic growth; that this quality is based on, and can be affected by, the education that members of the labour force received; and that consequently manpower and educational planning is a necessary part of over-all economic planning. Indeed so thoroughly has this new orthodoxy been accepted that some countries now have manpower and educational plans even though they may have no over-all development plan worth speaking of.

scholarly journals Restructuring of state-owned enterprises – The drive to the restructuring of the economy

2014 ◽  
Vol 17 (2) ◽  
pp. 25-41
Author(s):  
Luan Van Nguyen ◽  
Hai Van Ngo
Keyword(s):  
Economic Development ◽  
Market Economy ◽  
Theoretical Basis ◽  
Economic Transition ◽  
Transition Period ◽  
Theory And Practice ◽  
Strong Growth ◽  
The Past ◽  
Restructuring Process

State-owned enterprises are always a key object of both theory and practice in the Vietnamese socialist-oriented market economy. In the past few years, state-owned enterprises have played an important role in the economic development of Vietnam. They have had a strong growth and constant innovation, meeting better the requirements of economic development and integration. However, in the last years, state-owned enterprises are faced with difficulties and challenges: many enterprises are inefficient in operations and management and suffer from a high amount of bad debts. This paper presents the theoretical basis of the existence, development and role of state-owned enterprises in the Vietnam’s socialist-oriented market economy, analyzes and assesses the accomplishments, shortcomings and limitations of Vietnamese state-owned enterprises in the economic transition period as well as proposes solutions to boost the restructuring process of state-owned enterprises which is a drive to restructure the economy in the manner of enhancing quality, efficiency and competitiveness of the economy.

Patrimonial bureaus procedures of the landlord farms in Russia during the second half of the 19th – early 20th century: the documentation structure

2019 ◽  
pp. 166-172
Author(s):  
Ruslan Zhitin ◽  
Aleksey Topilskiy
Keyword(s):  
Economic Development ◽  
20Th Century ◽  
Market Economy ◽  
Cash Flow ◽  
Complex Analysis ◽  
Russian Empire ◽  
Early 20Th Century ◽  
The Past ◽  
The Russian Empire ◽  
Double Entry

The relevance of the study lies in the insufficient development in the domestic historiography of the problem of patrimonial bureau procedures in landlords farms, and the need to consider the features of a large market economy with the possibility of referring to the experience of the past. We analyze the composition of patrimonial documentation of landlord’s estates of the second half of the 19th – early 20th century. The characteristic of opinions of some researchers of this problem is given. The legislative aspects of the Russian Empire regulating paperwork in landowner farms are developed. We highlight the features of the Italian form of double-entry bookkeeping, features of the information documentation by industrial associations of landlords. It is established that all (without exception) entries in the documents were based on the provisions of the ordinances of income and cash flow, announcements, powers of attorney, declarations, briefs, petitions, notifications, etc. We present the order of employment (from employees’ side) and the involvement of employees in manufacturing (from employers’ side) at the owners’ farm, we also characterize the processes that affect their economic development. On the basis of the deposited materials there is a possibility of the complex analysis of trade and comparative communications of landowners, studying the main stages and results of modernization of complexes, identification of terms of depreciation of the businessmen’s expenses.

scholarly journals Quality and Factors of Economic Development: Matters of Evaluation and Analysis

2020 ◽  
Vol 27 (3) ◽  
pp. 26-44
Author(s):  
G. O. Kuranov ◽  
R. F. Luk’yanenko
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Young People ◽  
Labour Force ◽  
Federal Budget ◽  
Historical Background ◽  
Regional Differentiation ◽  
New Order ◽  
Creative Generation

In this publication, the authors establish validity of the proposals on the methodology for analyzing the quality and factors of the economic development of the Russian Federation, not for the country in general (as it was done in the first part of the article, published in Voprosy Statistiki, No. 2 for 2020), but at the regional level. The main focus is to study the factors determining the quality of human capital as well as their specifics for several Russian regions. All the proposed methodological techniques of analysis are implemented on the example of the education sector that is fundamental for improving the quality of human capital during the emergence of a new technological paradigm, with account to raising and nurturing the creative generation of young people who will shape the new order. It is noted that amidst the development of modern technologies responsible for the transfer of data and knowledge, as well as standardization and regulation of the processes of providing services, it is necessary to maintain the content of education services, their focus on the shaping of a creative personality and transferring creative work skills. Only this shall ensure the country’s participation and its benefits in the creation of a new technological structure.The article examines factors that touch upon differentiation of regions by the level and quality of education, such as the state of the material and technical base, personnel availability and qualifications, terms for the provision of services, and others. The authors delve into the influence of region resource provision factors, remoteness from labour force centers of gravity, and emerging research centers, as well as national particularities and historical background of the regions. The data on the «personnel migration» of young people of educational and post-educational age are presented. Relevant conclusions are made about some depletion of this resource in several remote regions due to the attractive policies of strong regions.The authors argue that the regional efforts and the redistribution of funds through the federal budget, as well as business efforts, are not enough to reduce the regional differentiation in education quality. This requires tailored solutions allowing to use the potential of young people from remote regions and regions not affected by scientific centralization, as an important human development factor. The paper considers directions for solving this problem. 

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