Foreign Experience in Support of Small and Medium-Sized Businesses and the Possibility of its Application in Modern Russia

Abstract

This article discusses the search for ways to use foreign experience of state incentives and support for small and medium-sized businesses in order to be able to use it in the economic life of Russia. At present, the in-depth study and analysis of foreign experience of countries with market economies play an important role for our country. The expansion of contacts at all levels of government agencies and authorities supporting small and medium-sized enterprises has greatly expanded the understanding of how small enterprises are supported abroad, what measures need to be taken to increase the share of small and medium-sized enterprises in GDP, as well as the contribution of small and medium-sized enterprises to solving existing socio-economic problems. Many of them can be successfully resolved by increasing the number of Russian citizens wishing to engage in business and successfully carrying it out with the support of the state.

Keywords

• small and medium entrepreneurship
• state system of small business stimulation
• state support of small business
• crediting of small business