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Entrepreneurial activity is pivotal to the continued dynamism of the private sector, with the generation of new businesses fostering competition and economic growth. This study uses data and in depth case studies to help make the environment in Azerbaijan more conducive for high-growth entrepreneurial activities.
Entrepreneurial activity is pivotal to the continued dynamism of the private sector, with the generation of new businesses fostering competition and economic growth. This study uses data and in depth case studies to help make the environment in Azerbaijan more conducive for high-growth entrepreneurial activities.
Job creation and productivity growth are at the forefront of the global development agenda. The central challenge today for the government of Georgia is to find sources of long-term economic growth, particularly through private sector development. This study seeks to identify determinants of high-growth entrepreneurial activity. The stusy uses data from the new 2012 World Bank Entrepreneurship Survey conducted to gauge new firm growth in the formal sector in Georgia and data from World Bank Enterprise Surveys to analyze innovative activity in existing firms. It includes detailed case study analyses to complement these findings. The study finds that while a number of reforms have been undertaken to alleviate the business environment, there remain a number of constraints that inhibit the growth of entrepreneurial and innovative activity. These constraints include a major skills mismatch, insufficient research and development and ineffective industry-research linkages. While outlining broad policy directions in areas namely improving business environment, access to finance, developing skills, increasing access to markets, incentivizing greater firm level research and development, and raising awareness it lays out some priority areas that the government could embark on. The government could remove bottlenecks that impede entrepreneurialism in the general business environment and design new financial policy instruments to foster entrepreneurship and innovation. We hope that the issues discussed and the dialogue initiated during the course of this study would lend itself to policy design to foster high-growth entrepreneurship with a view to higher growth and job creation in this highly globalized world.
"The central challenge facing the government of Georgia today is the need to find sources of long-term economic growth, particularly through development of the private sector. Key to the dynamism of that sector is entrepreneurial activity, which generates new businesses and fosters competition and economic growth. Fostering Entrepreneurship in Georgia uses data and in-depth case studies to identify the determinants of high-growth entrepreneurial activity. It finds that, while a number of reforms have been undertaken to improve the business environment, a number of constraints to the growth of entrepreneurial and innovative activity remain. Based on these findings, the book outlines broad policy directions for improving the business environment, providing access to finance, developing skills, increasing access to markets, incentivizing firm-level research and development, and raising awareness, and it identifies priority areas for government action. The issues discussed in this book will be of particular interest to policy makers who are aiming to achieve higher growth and job creation through entrepreneurship, as well as to development practitioners and those in the private sector."--Page 4 of cover.
Fostering SME development and digital transformation helps increase productivity, in turn fostering stronger, more diversified and dynamic economies. The Government of Georgia has made significant policy efforts in recent years to build an environment conducive to private-sector development and entrepreneurship, and to support small and medium-sized enterprises in particular.
Embark on a transformative journey with "A Guide to Relocating to Azerbaijan" by William Jones, your trusted companion for a seamless transition into the heart of the South Caucasus. Whether you are moving for work, study, or the sheer adventure of it, this comprehensive guide offers a roadmap to navigate the intricacies of life in Azerbaijan. Dive into the enchanting blend of modernity and tradition as you explore the bustling streets of Baku, meander through the ancient alleys of Sheki, and bask in the natural beauty of Lake Goygol. William Jones, your virtual mentor, infuses the pages with a human touch, providing insights, tips, and personal anecdotes to make your relocation an enriching experience. Uncover the secrets of Azerbaijani hospitality, learn the art of cultural integration, and discover the hidden gems that make Azerbaijan a unique destination. From practical advice on bureaucratic processes to the joy of embracing local traditions, this guide is your key to unlocking the doors of Azerbaijani life. Inside the pages, you'll find: Practical Tips: From obtaining the right visas to setting up your new home, the guide offers practical insights to smoothen your transition. Cultural Immersion: Immerse yourself in Azerbaijani traditions, cuisine, and lifestyle with guidance on local events, language learning, and community engagement. Exploration and Leisure: Unearth the beauty of Azerbaijan's landscapes, historical sites, and recreational activities with detailed chapters on travel, leisure, and cultural exploration. Social Integration: Build a vibrant social network with tips on connecting with both expatriates and locals, fostering friendships that last a lifetime. Overcoming Challenges: Navigate cultural adjustments, language barriers, and homesickness with a resilient mindset, turning challenges into opportunities for growth. "A Guide to Relocating to Azerbaijan" is not just a handbook; it's your companion for a meaningful and memorable journey. Let William Jones be your virtual guide, offering a friendly voice and a wealth of information to make your relocation to Azerbaijan an adventure filled with discovery, connection, and the creation of a new chapter in your life. Pack your bags, open the book, and get ready for a guide that goes beyond logistics—immersing you in the soul-stirring experience of relocating to Azerbaijan.
The current global economy faces many challenges, including environmental changes, evolving markets, and complex resource management issues. These challenges are interlinked and require a comprehensive approach to address effectively. While crucial, the transition to more sustainable practices poses significant challenges for businesses, governments, and societies worldwide. Companies must navigate the complexities of shifting to renewable energy sources, adopting sustainable agricultural practices, and implementing eco-friendly manufacturing processes, all while maintaining profitability and competitiveness in a rapidly evolving market. Marketing and Resource Management for Green Transitions in Economies offers a comprehensive solution by exploring the synergies and trade-offs between environmental changes, market evolution, and resource management dilemmas. It provides a cohesive strategy to steer the global economy towards sustainable growth and resilience. By presenting complex concepts that are accessible and highlighting practical implications, the book serves as a guide for businesses, governments, and societies looking to transition to more sustainable practices. This publication will be invaluable to academics, practitioners, and policymakers seeking to understand and implement sustainable practices in their operations. It will serve as a resource for business leaders looking to navigate the complexities of the green transition and for researchers exploring the intersection of environmental changes, market evolution, and resource management.
This report marks the third edition in this series, following assessments in 2012 and 2016. It provides a comprehensive overview of the state of play in the implementation of the ten SBA principles, and monitors progress made since 2016. It also identifies remaining challenges affecting SMEs in the Eastern Partnership (EaP) countries and provides recommendations to address them based on EU and international good practice examples.
The SME Policy Index is a benchmarking tool designed for emerging economies to assess SME policy frameworks and monitor progress in policy implementation over time.