scholarly journals FEATURES OF DEVELOPMENT AND FUNCTIONING OF SMALL AND MEDIUM-SIZED BUSINESS IN CONDITIONS OF INTENSIFICATION OF GLOBALIZATION PROCESSES

2021 ◽  
Author(s):  
Juliia Stashenko ◽  
Oleksandr Gavrylovskyi
Keyword(s):  
Small And Medium Enterprises ◽  
Technical Information ◽  
State Level ◽  
Developed Countries ◽  
Financial Economic ◽  
The State ◽  
Special Support ◽  
Special Programs ◽  
Medium Enterprises ◽  
Favorable Conditions

The article considers the essence and evolution of small and medium enterprises, identifies the levels and mechanisms of support for small and medium enterprises, explores the tools to support small and medium enterprises, substantiates institutional measures to ensure the priority of support for small and medium enterprises. It is investigated that in many developed countries the main purpose of supporting small and medium enterprises is not to directly subsidize enterprises or provide them with financial resources, but to create favorable conditions for comfortable functioning of small and medium enterprises and facilitate access of small and medium enterprises to borrowed resources (primarily through the implementation of warranty programs). In the countries with the most developed level of small and medium-sized enterprises, regulatory practices are minimized: the system of regulation of small and medium-sized enterprises is simplified and the norms imposed on small and medium-sized businesses, both in the manufacturing and trade sectors, are revised. It is substantiated that support for small and medium-sized businesses in Europe is provided at the regional, national and supranational levels. The policy of supporting entrepreneurship in Europe is implemented through the activities of states and through special programs implemented under the auspices of the EU. At the state level, business support in many European countries is carried out through the development and implementation of targeted programs of financial, economic, personnel, technical, information assistance to small and medium-sized businesses. Most states create special reserves to support small and medium-sized businesses through subsidies, soft loans, grants, and so on. Along with creating favorable conditions for the functioning of small and medium-sized businesses, the state develops special support programs aimed at ensuring equal development of all regions. All EU countries help small and medium-sized businesses to access sources of funding, using a variety of levers. In particular, some countries, such as the Netherlands, provide loan guarantees.

scholarly journals Features of governing small and medium business development in Ukraine

2019 ◽  
Vol 6 (11-12) ◽  
pp. 56-63
Author(s):  
S. V. Kaiun
Keyword(s):  
Small And Medium Enterprises ◽  
Action Plan ◽  
Developed Countries ◽  
Business Environment ◽  
Business Development ◽  
State Regulation ◽  
The State ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
Small And Medium Business

In the article the author substantiates the importance of forming a favourable business environment for the development of national small and medium businesses. State plans and programs for the development of small and medium business in Ukraine are analyzed; the main directions and expected results of their achievement are revealed. The key provisions of the Strategy for the development of small and medium business in Ukraine for the period until 2020 are determined and its content is analyzed. The effectiveness of the state policy on stimulating the development of domestic small and medium businesses in Ukraine is investigated. Particular attention is paid to the experience of economically developed countries, and it is determined that Ukraine needs to create a favourable business environment for the development of national small and medium enterprises. The experience of foreign countries shows that small and medium-sized businesses are the basis of sustainable development of the state, which provides national welfare due to production of competitive products, job creation and raising the level of effective employment of the population, activating the country’s innovative potential, ensuring its competitiveness in the international market. The concept of the National Program for the Development of Small and Medium Enterprise for 2014-2024 is considered, and it is emphasized on the ways of overcoming the problems of small and medium business development. It has been stated that strategic initiatives should not be the result of generalization of previous projects and programs, but a qualitatively new action plan for the development of small and medium businesses. The attention is paid to the fact that the development and expansion of the business sector has been declared as a one of the priorities of the state economic policy in Ukraine. Priority in addressing tasks regarding the solution of the issue of small and medium enterprises development is to overcome the burdensome procedures of state regulation, the instrument of which may be a deregulation, which should provide an improvement of the business climate for small business in the referral article.

The Project of the Bioenergetic Agroecosystems Science Park

2014 ◽  
Vol 1 (3) ◽  
pp. 50-56
Author(s):  
O. Kozachenko
Keyword(s):  
Social Issues ◽  
State Level ◽  
Pilot Project ◽  
Developed Countries ◽  
Financial Economic ◽  
Legal Aspects ◽  
The State ◽  
Information Support ◽  
Science Park ◽  
Research Results

A great number of novel Ukrainian technologies are used by industrial and commercial structures with the vio- lation of intellectual property rights of their authors. There are about 10 managers per one promising scientifi c idea in the developed countries, while this proportion is inverse for Ukraine: on average there is one manager per ten ideas. As a result less than 4 % of Ukrainian enterprises are active innovation-wise and over 80 % of scientifi c and technical products are non-demanded. This situation is conditioned by the development specifi ci- ties of the domestic market economy, based on trade and fi nancial transactions instead of research intensity of the production. The current state of things does not meet the requirements of the innovation-driven growth and makes wide use of modern scientifi c achievement in the agriculture impossible. Aim. To study current prob- lems of introducing the promising technological solutions into the agriculture. To recommend the mechanism of transferring scientifi c research results into production using the example of Bioenergetic Agroecosystems pilot project. To suggest the scheme of coordinating the interests of economic entities while introducing scien- tifi c research results into the production. Methods. The following approaches were used to achieve the above- mentioned aims: abstract and logical method, synthesis, analysis, and induction methods. Results. Financial, economic, and legal aspects of the innovation market were considered. Based on the domestic and foreign ana- logues of establishing the existing science parks, the mechanism of transferring scientifi c research and devel- opment in the agrarian science into production was presented. The Bioenergetic Agroecosystems pilot project was used to suggest the industrial and organizational structure of the science park. The scheme of coordinating the interests of scientifi c research institutions, the agricultural producers and the state in the development of the market of innovation products in the agrarian sector of economy was elaborated. Conclusions. The realization of novel scientifi c decisions in the production should be provided by the following means: operating mecha- nisms of their stimulation on the state level, the improvement in the qualifi cation level of scientists towards the transfer of scientifi c research and development and the elaboration of the communication infrastructure in the information support of the industry. The creation of a science park is the way of uniting the scientifi c and industrial potential into the single system of effi cient ecological land use and the example of solving economic, ecological and social issues.

scholarly journals FEATURES OF FUNCTIONING OF SMALL BUSINESS IN UKRAINE AND ABROAD

2021 ◽  
Vol 1 (22(50)) ◽  
pp. 11-16
Author(s):  
Olha Demianchuk ◽  
Kateryna Zhuk
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
Small Enterprises ◽  
The Sustainable Development ◽  
High Level ◽  
Medium Enterprises ◽  
Favorable Conditions ◽  
The Impact

The article investigates the problems and features of small business functioning in Ukraine and abroad. The importance of small enterprises in the economies of developed countries and the impact on their competitiveness in the context of today's coronacrisis has been analyzed. The criteria for dividing all enterprises into small, medium and large in Ukraine and their comparison with foreign practice are indicated. The "Rating of obstacles" for the development of small and medium enterprises in Ukraine is indicated. The authors identified the factors that negatively affect the continuous functioning of small business and hinder its development. The development of the small business sector and the maintenance of a high level of competition is a key step towards ensuring the sustainable development of the national economy. Small business also contributes to the restructuring of the state, increasing production, creating new jobs and introducing innovative technologies in areas where large business would not be so effective. However, the path to starting a small business is uneven, with many pitfalls and obstacles to jump. Accordingly, the governments of most countries are obliged to support small businesses in any way to protect the economy as a whole. So, in order for small and medium-sized businesses to develop gradually, they desperately need clear and understandable rules of the game in today's market, as well as favorable conditions for uninterrupted operation. To this end, it is necessary to formulate a clear unified state policy on small business, using international experience.

Analysis of Major Problems Faced by Small Firms in North India

2015 ◽  
Vol 15 ◽  
pp. 150-160
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
North India ◽  
Small Enterprises ◽  
Employment Generation ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

scholarly journals Promoting Clusters and Networks for Small and Medium Enterprises to Economic Development in the Globalization Era

SAGE Open ◽  
2017 ◽  
Vol 7 (1) ◽  
pp. 215824401769715 ◽  
Author(s):  
Sara Foghani ◽  
Batiah Mahadi ◽  
Rosmini Omar
Keyword(s):  
Developing Countries ◽  
Small And Medium Enterprises ◽  
Empirical Studies ◽  
Developed Countries ◽  
Policy Makers ◽  
Ongoing Research ◽  
Global Challenges ◽  
Medium Enterprises ◽  
Global Arena ◽  
Asian Developing Countries

This research attempts to explore the importance of cluster-based systems in preparation for small and medium enterprises (SMEs) to go global, and it is an ongoing research. The findings of this research are aimed at providing insights to policy makers, academicians, and practitioners with the objective of creating initiatives, strategies, and policies, which reflect the primary aim of supporting SMEs in managing global challenges. SMEs that are cluster-based have the potential to facilitate the successful inclusion of SMEs in the growth of productivity and networks of global distribution. Most Asian developing countries are in the dark when it comes to this matter. The main purpose of this study is to investigate the relations between the capabilities of the networks and clusters in developing SMEs’ preparedness in facing business players in the global arena. This study’s scope includes specific Asian developing countries. Even though the issue of clusters in SMEs has been well researched in developed countries, such empirical studies are still lacking in the Asian region despite its prevalent collectivism practice. In the concluding analysis, the study intends to develop a model emphasizing the cluster-based industrial SMEs toward globalization.

scholarly journals Rapid Internationalization of SMEs: Evidence from Born Global Firms in Chile

Innovar ◽  
2014 ◽  
Vol 24 (1Spe) ◽  
pp. 141-151 ◽  
Author(s):  
Christian A. Cancino
Keyword(s):  
Latin American ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
Principal Characteristic ◽  
Born Global ◽  
Contact Networks ◽  
International Contact ◽  
Geographical Distances ◽  
Medium Enterprises ◽  
Born Global Firms

The literature on born global firms in developed countries has revealed some factors that influence the rapid internationalization of Small and Medium Enterprises (SMEs), such as the technological level of the sector in which the firm participates, psychological and geographical distances from the target markets, and the existence of contact networks. To date, little research has been carried out on this topic for Latin American countries. This paper explores how certain determinants influence Chilean born global firms. A logistic regression model is used to analyze 112 SMEs with regular export activities. The results show that Chilean born global firms are influenced by national and international contact networks that their founders are able to generate. The psychological distance between Chilean SMEs and developed countries in Asia, North America and Europe also influences the internationalization of Chilean SMEs. The principal characteristic of Chilean born global firms is their lack of participation in highly technological sectors, with these SMEs instead being involved in sectors that actively exploit natural resources. The results of this study permit certain public policy recommendations to be made that might boost the development of export SMEs.

Borrower Discouragement: Loan Delays and Loan Rejection: Evidence from MSMEs in the State of Assam in India

2020 ◽  
Vol 47 (2) ◽  
pp. 95-103
Author(s):  
Rashmi Sarda ◽  
Devi Baruah
Keyword(s):  
Regional Development ◽  
Small And Medium Enterprises ◽  
Export Promotion ◽  
Vital Role ◽  
The State ◽  
Bank Credit ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Employment Generation ◽  
Medium Enterprises

In India micro, small and medium enterprises (MSMEs) play a vital role in the development of economy through their contribution to GDP, employment generation, regional development, export promotion, etc. Irrespective of the achievements of the small and medium enterprise (SME) sector, there are certain issues which eclipse desired growth. Availability of ample and timely credit at reasonable rate of interest is vital for the development of these sectors. There seems to be a gap between demand for and supply of the bank credit to SMEs. The delay in processing of credit and the rate of rejections discourage the borrowers from applying for credit. Hence, this article aims to analyse the discouragement faced by MSME loan applicants from the evidence of rejections and delays in advancing loans in Jorhat district in the state of Assam in India.

A BALANCED LABOR MARKET AS A PREVENTIVE TOOL FOR RESTRICTING EXTERNAL LABOR MIGRATION

2017 ◽  
Author(s):  
Nadiya Rushchyshyn ◽  
◽  
Olha Mulska ◽  
Keyword(s):  
Labor Market ◽  
Social Protection ◽  
Labor Relations ◽  
Small And Medium Enterprises ◽  
The State ◽  
Employment Policy ◽  
Role Of The State ◽  
Educational Migration ◽  
Medium Enterprises ◽  
Key Indicators

The article describes the labor market as an element of the economic system that determines the direction and pace of macroeconomic development, affects the welfare of the population and social protection. The dynamics of reduction of labor force for 2010-2020 due to the increase in the level of external labor and educational migration is given. It is substantiated that the creation of high-paying jobs and the reform of the wage system are effective tools for regulating external migration, which reduces aggregate supply, unemployment and the load on vacant demand. It is outlined that the development of the market of the newest forms of employment and freelance by stimulating the population to create small and medium enterprises, providing organizational, economic and regulatory prerequisites for the development of youth business, can be considered an effective tool to curb migration. The tools of improving the state employment policy are given, namely the tools of balancing the labor market of Ukraine in the projection of the state policy of migration management. The reasons for the growth of unemployment among graduates of educational institutions, youth and skilled people, which encourage potential migration in a period of socio-economic instability and political turmoil. Means of ensuring the preservation of intellectual and human resources of Ukraine and avoiding a shortage of workers in the labor market, which encourage the development of appropriate information and analytical support for analyzing the needs of the labor market (regional, local, sectoral, professional) in the projection of labor supply. The basic vectors of development of the modern labor market which efficiency depends on realization of effective tools, and also structural transformations in the labor markets are resulted. The role of the state in ensuring positive changes and the formation of new transformational approaches in the field of social and labor relations is outlined. The main criteria and priorities for the formation of employment policy in Ukraine are highlighted and the transformation of new types of employment is emphasized. The key indicators of the new type of labor relations are given.

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