Problems and Prospects of Small Business Development in the U.S. and in Russia

The purpose of this study is to examine the state of small business development in the U.S. and Russia, identify the challenges small businesses are facing in both countries, and determine the prospects for further development of small businesses in each country. The choice of Russia being compared to the U.S. in the small business segment is justified. Comparative analysis of small business development in the U.S. and Russia is performed, along with the investigation of similarities and differences. Based on the analysis performed, the forecast for small business development in the U.S. and Russia is presented.