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Small And Medium Sized Enterprises In Georgia, European Union And United States

Journal: Innovative Economics and Management (Vol.IV, No. 2)

Publication Date:

Authors : ;

Page : 293-296

Keywords : Small and Medium Sized enterprise; OECD; European Union; United States; economic reforms.;

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Small and Medium Sized enterprises play an important role and develop world economy. Strong and well-developed Small and Medium Sized businesses offer opportunities like innovations, creation of modern business culture, export growth and access to international markets and future use of it. The Organization for Economic Co-operation and Development (OECD) estimates that small and medium enterprises represent 90% of companies in the world, create jobs in the states and employ 63% of the world's population. Furthermore, small and medium entrepreneurial contribution is important in the development of science and new products. The national policy of United States and EU member states aims to offer better and more effective conditions for Small and Medium Sized businesses. In addition, to enhance competitiveness and production through commercial and industrial chambers, private financial organizations and private research structures. Over the past few years, Georgia has made significant reforms, such as economic reforms. The main purpose of the reform was to fight corruption, to start a business easily and to create a favorable environment for direct foreign investment.

Last modified: 2018-05-21 16:53:17