Problems of Small Business Development and Mechanisms of its Support in the Region

Irina Zhuckovskaya, Marina Krasnova, Olga Yares

2021

Abstract

The formation and development of the regional economy directly depends on the activities of business, including small businesses, since the latter is aimed at providing services and producing goods that are consumed mainly on the territory of the region, its residents and guests. Consequently, small business has a predominantly pronounced regional focus. In Russia, the contribution of small and medium-sized businesses to the gross domestic product (GDP) is about 20-22%, and the share of the employed economically active population does not exceed 20-25%, while in developed economic countries these indicators are several times higher. In addition, the SARS-CoV-2 (COVID-19) coronavirus pandemic and restrictive measures taken by the Government of the Russian Federation led to the fact that the turnover of small and medium-sized businesses, according to experts of the National Rating Agency, decreased by 2.8 trillion rubles in 2020, and its share in the country’s GDP may fall to 18.5% (under a stress scenario) [18]. The article discusses the dynamics, the main problems of development and state support of small business in the Vladimir region.

Paper Citation

in Harvard Style

Zhuckovskaya I., Krasnova M. and Yares O. (2021). Problems of Small Business Development and Mechanisms of its Support in the Region. In Proceedings of the 1st International Scientific Forum on Sustainable Development of Socio-economic Systems - Volume 1: WFSDS, ISBN 978-989-758-597-5, pages 293-299. DOI: 10.5220/0010667500003223

in Bibtex Style

@conference{wfsds21,
author={Irina Zhuckovskaya and Marina Krasnova and Olga Yares},
title={Problems of Small Business Development and Mechanisms of its Support in the Region},
booktitle={Proceedings of the 1st International Scientific Forum on Sustainable Development of Socio-economic Systems - Volume 1: WFSDS,},
year={2021},
pages={293-299},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010667500003223},
isbn={978-989-758-597-5},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Scientific Forum on Sustainable Development of Socio-economic Systems - Volume 1: WFSDS,
TI - Problems of Small Business Development and Mechanisms of its Support in the Region
SN - 978-989-758-597-5
AU - Zhuckovskaya I.
AU - Krasnova M.
AU - Yares O.
PY - 2021
SP - 293
EP - 299
DO - 10.5220/0010667500003223