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Mechanisms to Support Private Enterprise in the System of State Capitalism

Mechanisms to Support Private Enterprise in the System of State Capitalism

Journal of Economic Regulation, , Vol. 7 (no. 2),

Some of the main problems in developing the institute of private enterprise in Russia are ineffectiveness of government support and lack of competence among the entrepreneurs themselves. In the paper the author analyzes the existing mechanisms of business development for small and mediumsized businesses, which in case of effective implementation will drive up the share of self employment, tax revenue and quality of life. The aim of the paper is to develop methods and tools for development of private enterprise institute pursuing the task of forming a highly developed modern society. The mechanisms of support for small entrepreneurs in China, as well as problems of search funds and mittelshtands mechanisms were considered. The practical significance lies in the analysis of the existing enabling mechanism for small and medium-sized businesses with the purpose of development of new mechanisms of transformation of economic systems in Russia.

Keywords: economic growth; small and medium business; strategy planning; entrepreneurship; small business in China; capital market.

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