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STATE MANAGEMENT MECHANISMS OF BUSINESS IN DEVELOPED COUNTRIES

Valerii MARENICZENKO

Modern Management Review · 2018

doi:10.7862/rz.2018.mmr.49 (opens in a new tab)

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Abstract

Developed countries have extensive experience in the development and support of business, which is relevant for Ukraine. There is a share of small and medium-sized businesses in the economy is classically low in Ukraine. The relevance of business development research on a global scale to search for advanced mechanisms of state regulation for their use in Ukraine is arises. In countries that are new in a market environment with low results in the economy, including in our country, the vulnerability of the market position of small and medium-sized businesses is due to the relative weakness of its financial support, so there is a need for state regulation in these countries. Real assistance from the state for business is carried out on the basis of a coordinated work of the social, economic, legal and political field according to the American experience. State regulation in the EU creates better conditions for business and increased competitiveness. Peculiarity of the Japanese system of state support for entrepreneurship lies in its focus on cooperative development directions. In addition, in Japan, public policy applies mechanisms for the development of subcontracting for effective interaction between business entities. Political and economic instability in our country has a negative effect on international funding for Ukrainian business. Today it is necessary to analyze what internal opportunities should be attracted for business development given this factor. Developed countries are launching comprehensive programs for the development and support of enterprises. In our opinion, the necessary transformations should take place not only in the field of entrepreneurship, but in all sectors of the economy at the same time, comprehensively and systematically, taking into account modern Ukrainian experience and the most successful examples of world experience.

Abstract licence: CC BY

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