Fostering Business Development And Digitalisation In Georgia

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.

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. The OECD has supported this reform impetus, working closely with the Ministry of Economy and Sustainable Development to help identify gaps and develop relevant measures to create a conducive policy environment for Georgian SMEs.

"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.

"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.

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.

The SME Policy Index: Eastern Partner Countries 2024 – Building resilience in challenging times is a unique benchmarking tool to assess and monitor progress in the design and implementation of SME policies against EU and international best practice.

The central challenge facing the government of Armenia today is the need to transform its economic infrastructure into one that, in the medium term, is resilient to external shocks. To do so, it needs to find new sources of long-term economic growth that will enable it to become an upper-middle-income country. Crucial to achieving this objective is a dynamic and vibrant private sector, and in particular entrepreneurial activity, which generates new businesses and fosters competition and economic growth. Fostering Entrepreneurship in Armenia uses data and in-depth case studies to identify the determinants of high-growth entrepreneurial activity. It finds that, while there is a higher level of entrepreneurial activity in Armenia compared with other countries in the region, 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.