Bìznes Inform (Dec 2023)

Global Trends in Small Business Development

  • Krasnonosova Olena M.,
  • Cui Zengfeng,
  • Zhang Lei

DOI
https://doi.org/10.32983/2222-4459-2023-12-51-58
Journal volume & issue
Vol. 12, no. 551
pp. 51 – 58

Abstract

Read online

The article analyzes the global trends in the development of small business. The world distribution of enterprises according to the size by countries of the world is studied. An analysis of the development of small and medium-sized businesses by countries of the European Union has been carried out, which has made it possible to identify countries in which small business forms the basis of the formation of the gross domestic product of the State. Enterprises are analyzed in terms of size, indicators of value added, employment and the number of enterprises in the context of sectors of the economy. It is substantiated that the change in value added, employment of the population and the number of enterprises in the context of types of business allows to allocate promising directions for investment in the development of entrepreneurship. The trends of development of small business in different countries of the world have been studied, which has made it possible to allocate the regularities of its development and the relevant factors that contribute to stimulating the development of small enterprises. The directions of reconstruction and development of small businesses in countries after military conflicts have made it possible to identify features and commonalities in terms of the State regulation and support for such changes. On the basis of the carried-out study of the international development of small enterprises, similar directions in the State and regional policy of Ukraine regarding the support and stimulation of small enterprises during the wartime have been formed. Taking into account international experience, the main directions for promoting the development of small business in Ukraine in the post-war period are proposed, which will contribute to the overall socioeconomic growth of the regions and the State as a whole.

Keywords