Globalization and Entrepreneurship: Selected Topics in Visegrad Four Countries

Abstract

Entrepreneurship is a specific and continuous activity of an individual or a group of individuals with the aim to create a profit. It is a very important activity not only in the perspective of national economy, but also in the context of global economy. This activity can create a lot of job opportunities, especially thanks to small and medium-sized enterprises. These companies have a very important role on every market. The aim of this article is to map the development of entrepreneurship in Visegrad Group countries, namely in the Czech Republic, Poland, Slovakia, and Hungary, thanks to selected indicators between 2009 and 2017. These indicators are especially the increase of newly-established companies, their average growth rate, death rate, survival rate in all selected countries. All selected categories are consequently evaluated through one standardized criterion, which helps to compare all Visegrad Group countries and create the order of all countries with the aim to evaluate the business environment. This article opens the possibility to evaluate entrepreneurship and business environment in other countries as well, because this environment should be evaluated also in the Central European countries, European Union, or even in the OECD.