ASSESSMENT OF THE FACTORS LIMITING GROWTH OF MEDIUM-SIZED BUSINESSES IN KAZAKHSTAN
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Date
2023-11-19
Authors
Kokkozov, Dimash
Zhuszhassarova, Meruyert
Myrzatay, Gaukhar
Journal Title
Journal ISSN
Volume Title
Publisher
Graduate School of Public Policy
Abstract
With the growth of entrepreneurship globally and its potential gains to the economy and
society, governments are focusing efforts on creating the fertile ground for their talents
to innovate, grow and flourish. Acknowledging the fact that entrepreneurial activity is no
one’s priority, state policies and programs aim to foster entrepreneurial culture by easing
the burden on business creation and facilitating a supportive environment. Kazakhstan’s
policy priorities for entrepreneurship development have been on the agenda of the
government over the twenty years with major focus on advancement of the institutional
context. Progress in the development of small and medium sized enterprises (SMEs) in
the last decenniums has not yet produced results that would allow Kazakhstan to fully
benefit from SMEs contribution to employment and economic growth. Statistics on SME
performance and their contribution towards GDP falling below the national targets
reflects the necessity of further research in quest for the future success of SMEs. This is
particularly relevant with the trend in declining number of medium-sized enterprises
despite the state efforts to increase their share of contribution to the country's GDP. The
thrust of this research, then, is to examine the factors limiting the growth of small
enterprises and enhance recognition of the importance of medium-sized businesses that
is currently undervalued in state policies.
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Type of access: Restricted, SOCIAL SCIENCES
Citation
Kokkozov, D. Zhuszhassarova, M. Myrzatay, G. (2023). Assessment of the Factors Limiting Growth of Medium-Sized Businesses in Kazakhstan. Graduate School of Public Policy