CURRENT PROBLEMS AND PROSPECTS FOR THE DEVELOPMENT OF SOCIAL ENTREPRENEURSHIP IN LATVIA

The article is devoted to the analysis of development trends, identification of problems and elaboration of recommendations for the development of social entrepreneurship in Latvia. The subject of study is theoretical and practical aspects of functioning of social enterprises in the context of current trends in the development of social entrepreneurship in Latvia. The purpose of the study: to identify factors and problems of functioning of social enterprises in Latvia based on the analysis of their activities, as well as to evaluate possibilities for the development of social entrepreneurship in Latvia in modern environment. Research methods: content analysis, historical, analytical, comparative, tabular, graphical. Results of the study: historical prerequisites for the emergence of social entrepreneurship phenomenon in the world were considered. Based on the analysis of the development of social entrepreneurship in Europe, an analysis has been made and trends in the development of social entrepreneurship in Latvia in sectoral and regional contexts have been identified. The institutional environment and regulatory framework governing the development of social enterprises in Latvia were explored. The analysis of the main factors of socio-economic development of the country, which have a direct impact on the development of social entrepreneurship, has been carried out. The possibilities and advantages of developing social enterprises in Latvia have been described. Problems have been identified and recommendations have been elaborated for the further development of social entrepreneurship in Latvia. Applicability of the study results: conclusions and results can be used in the work of social enterprises within various fields of activity, in the work of associations of social entrepreneurship and other non-governmental organizations, authorities, as well as in the educational process of higher education institutions focused on economics and social welfare.