Fostering Entrepreneurship in Georgia
Job creation and productivity growth are at the forefront of today's global development agenda. The 2013 world development report on jobs identified entrepreneurship as an important tool in addressing these dual goals. This study uses the entr...
| Main Author: | |
|---|---|
| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/01/18147170/fostering-entrepreneurship-georgia http://hdl.handle.net/10986/15786 |
| id |
okr-10986-15786 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO FINANCE ACCOUNTING ADOPTION OF TECHNOLOGIES ADVERTISEMENTS ADVERTISING AGRICULTURAL PRODUCTION ANGEL INVESTOR BANKING SECTOR BANKRUPTCY BANKRUPTCY LAWS BORROWING BROADCASTS BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS MANAGERS BUSINESS MODEL BUSINESS MODELS BUSINESS OPPORTUNITIES BUSINESS OPPORTUNITY BUSINESS OWNERS BUSINESS OWNERSHIP BUSINESS PARTNERS BUSINESS REGISTRATION BUYER BUYERS CAPABILITIES CAPABILITY CASH FLOW CC CHEMICAL INDUSTRY COLLATERAL COMMERCIAL BANKS COMMODITIES COMMODITY COMMUNICATION TECHNOLOGY COMPANY COMPETITION LAW COMPETITIVE ADVANTAGE COMPETITIVE ADVANTAGES COMPETITIVENESS COMPETITOR COMPETITORS COMPUTER TECHNOLOGIES CONCEPTUAL FRAMEWORK CONTENT MANAGEMENT CONTENT MANAGEMENT SYSTEM COPYRIGHT CORRUPTION COST SAVINGS CUSTOMER BASE CUSTOMS DATA CENTER DATA COVERAGE DEBT DEDICATED DATA DIVERSIFICATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ECONOMICS EDUCATION LEVEL EDUCATION LEVELS EFFICIENCY IN BUSINESS EMERGING MARKETS EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT EMPLOYMENT GROWTH ENABLING ENVIRONMENT ENTERPRISE SECTOR ENTERPRISE SURVEY ENTERPRISE SURVEYS ENTREPRENEUR ENTREPRENEURIAL ACTIVITY ENTREPRENEURIALISM ENTREPRENEURS ENTREPRENEURSHIP ENTREPRENEURSHIP DEVELOPMENT ENVIRONMENTAL ENVIRONMENTAL PROBLEMS ENVIRONMENTAL REGULATIONS EQUIPMENT EXPANSION EXPENDITURES EXPORT MARKETS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL POLICY FINANCIAL SYSTEMS FIRM SIZE FIRM SIZES FIRMS FOREIGN DIRECT INVESTMENT GENDER GLOBAL MARKET GLOBAL MARKETS GLOBAL STANDARDS GLOBALIZATION GOVERNMENT POLICIES GOVERNMENT SERVICES GROSS NATIONAL PRODUCT GROWTH STRATEGIES GROWTH STRATEGY HIGH INTEREST RATES HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT ID INFORMATION TECHNOLOGY INNOVATION INNOVATIONS INSURANCE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL COMPETITION INTERNATIONAL MARKET INTERNATIONAL STANDARDS INTERNATIONALIZATION JOB CREATION LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL ASSISTANCE LEGISLATION LENDING POLICIES LICENSE LICENSES LICENSING LOAN LOCAL INDUSTRY MANAGERIAL SKILLS MANUFACTURING MARKET RESEARCH MARKET SEGMENT MARKET SEGMENTS MARKETING MATCHING GRANTS MEDIUM ENTERPRISES MULTIMEDIA NETWORKS NEW BUSINESS NEW BUSINESSES NEW ENTRANTS NEW MARKETS NEW TECHNOLOGIES NICHE MARKET NICHE MARKETS OIL OUTSOURCING PATENTS PHOTO PHOTOS POLICY INSTRUMENTS PRINTING PRESS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROCUREMENT PRODUCT INNOVATION PRODUCTION TECHNOLOGY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC POLICY QUALITY STANDARDS QUERIES R&D RADIO REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RESOURCE MANAGEMENT RESULT RESULTS RETAINED EARNINGS RISK TAKING SALES GROWTH SCIENTIFIC RESEARCH SEARCH ENGINE SEES SELF-EMPLOYMENT SERVER SERVERS SERVICES TO CLIENTS SHOP SMALL BUSINESS SMALL BUSINESS DEVELOPMENT SMALL BUSINESSES SMALL FIRMS SME SME POLICY SPONSOR STANDARDIZATION STORAGE SPACE STORE STORES SUBSIDIARY SUBSIDIARY COMPANY SUPPLIER SUPPLIERS SUPPLY CHAIN SUPPLY CHAIN MANAGEMENT SUPPORT STAFF SUSTAINABLE GROWTH TAX ADMINISTRATION TAX CODE TAX LEGISLATION TAX RATES TAXATION TECHNICAL STAFF TECHNOLOGICAL CHANGE TECHNOLOGICAL PROGRESS TECHNOLOGY DIFFUSION TECHNOLOGY TRANSFER TELEPHONE TIME PERIODS TRADE DATABASE TRADE FLOWS TRADE STRUCTURE TRAINING COURSES TRANSITION ECONOMIES TRANSLATION TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES USES VENTURE CAPITAL WEB WEB APPLICATIONS WEB HOSTING WEB PAGES |
| spellingShingle |
ACCESS TO FINANCE ACCOUNTING ADOPTION OF TECHNOLOGIES ADVERTISEMENTS ADVERTISING AGRICULTURAL PRODUCTION ANGEL INVESTOR BANKING SECTOR BANKRUPTCY BANKRUPTCY LAWS BORROWING BROADCASTS BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS MANAGERS BUSINESS MODEL BUSINESS MODELS BUSINESS OPPORTUNITIES BUSINESS OPPORTUNITY BUSINESS OWNERS BUSINESS OWNERSHIP BUSINESS PARTNERS BUSINESS REGISTRATION BUYER BUYERS CAPABILITIES CAPABILITY CASH FLOW CC CHEMICAL INDUSTRY COLLATERAL COMMERCIAL BANKS COMMODITIES COMMODITY COMMUNICATION TECHNOLOGY COMPANY COMPETITION LAW COMPETITIVE ADVANTAGE COMPETITIVE ADVANTAGES COMPETITIVENESS COMPETITOR COMPETITORS COMPUTER TECHNOLOGIES CONCEPTUAL FRAMEWORK CONTENT MANAGEMENT CONTENT MANAGEMENT SYSTEM COPYRIGHT CORRUPTION COST SAVINGS CUSTOMER BASE CUSTOMS DATA CENTER DATA COVERAGE DEBT DEDICATED DATA DIVERSIFICATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ECONOMICS EDUCATION LEVEL EDUCATION LEVELS EFFICIENCY IN BUSINESS EMERGING MARKETS EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT EMPLOYMENT GROWTH ENABLING ENVIRONMENT ENTERPRISE SECTOR ENTERPRISE SURVEY ENTERPRISE SURVEYS ENTREPRENEUR ENTREPRENEURIAL ACTIVITY ENTREPRENEURIALISM ENTREPRENEURS ENTREPRENEURSHIP ENTREPRENEURSHIP DEVELOPMENT ENVIRONMENTAL ENVIRONMENTAL PROBLEMS ENVIRONMENTAL REGULATIONS EQUIPMENT EXPANSION EXPENDITURES EXPORT MARKETS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL POLICY FINANCIAL SYSTEMS FIRM SIZE FIRM SIZES FIRMS FOREIGN DIRECT INVESTMENT GENDER GLOBAL MARKET GLOBAL MARKETS GLOBAL STANDARDS GLOBALIZATION GOVERNMENT POLICIES GOVERNMENT SERVICES GROSS NATIONAL PRODUCT GROWTH STRATEGIES GROWTH STRATEGY HIGH INTEREST RATES HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT ID INFORMATION TECHNOLOGY INNOVATION INNOVATIONS INSURANCE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL COMPETITION INTERNATIONAL MARKET INTERNATIONAL STANDARDS INTERNATIONALIZATION JOB CREATION LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL ASSISTANCE LEGISLATION LENDING POLICIES LICENSE LICENSES LICENSING LOAN LOCAL INDUSTRY MANAGERIAL SKILLS MANUFACTURING MARKET RESEARCH MARKET SEGMENT MARKET SEGMENTS MARKETING MATCHING GRANTS MEDIUM ENTERPRISES MULTIMEDIA NETWORKS NEW BUSINESS NEW BUSINESSES NEW ENTRANTS NEW MARKETS NEW TECHNOLOGIES NICHE MARKET NICHE MARKETS OIL OUTSOURCING PATENTS PHOTO PHOTOS POLICY INSTRUMENTS PRINTING PRESS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROCUREMENT PRODUCT INNOVATION PRODUCTION TECHNOLOGY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC POLICY QUALITY STANDARDS QUERIES R&D RADIO REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RESOURCE MANAGEMENT RESULT RESULTS RETAINED EARNINGS RISK TAKING SALES GROWTH SCIENTIFIC RESEARCH SEARCH ENGINE SEES SELF-EMPLOYMENT SERVER SERVERS SERVICES TO CLIENTS SHOP SMALL BUSINESS SMALL BUSINESS DEVELOPMENT SMALL BUSINESSES SMALL FIRMS SME SME POLICY SPONSOR STANDARDIZATION STORAGE SPACE STORE STORES SUBSIDIARY SUBSIDIARY COMPANY SUPPLIER SUPPLIERS SUPPLY CHAIN SUPPLY CHAIN MANAGEMENT SUPPORT STAFF SUSTAINABLE GROWTH TAX ADMINISTRATION TAX CODE TAX LEGISLATION TAX RATES TAXATION TECHNICAL STAFF TECHNOLOGICAL CHANGE TECHNOLOGICAL PROGRESS TECHNOLOGY DIFFUSION TECHNOLOGY TRANSFER TELEPHONE TIME PERIODS TRADE DATABASE TRADE FLOWS TRADE STRUCTURE TRAINING COURSES TRANSITION ECONOMIES TRANSLATION TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES USES VENTURE CAPITAL WEB WEB APPLICATIONS WEB HOSTING WEB PAGES Kuriakose, Smita Fostering Entrepreneurship in Georgia |
| geographic_facet |
Europe and Central Asia Georgia |
| relation |
Directions in Development--Private Sector Development; |
| description |
Job creation and productivity growth are
at the forefront of today's global development agenda.
The 2013 world development report on jobs identified
entrepreneurship as an important tool in addressing these
dual goals. This study uses the entrepreneurship model put
forth in the organization for Economic Co-operation and
Development (OECD)-Eurostat Entrepreneurship Indicator
Program (2009), with minor modifications. The model
comprises various determinants that policy can affect and
that in turn influence entrepreneurial performance, or the
amount and type of entrepreneurship that take place. The
model then refers to the impact of entrepreneurship on
higher-level goals such as economic growth, job creation,
and poverty reduction. This study focuses on determining the
level of entrepreneurship in Georgia and analyzes the role
of each determinant in both fostering and constraining
entrepreneurial activity. Entrepreneurs view opportunities
in the economy by measuring their profit-making potential;
that is their first motivation. Entrepreneurs will not
pursue a societal need unless they can successfully make a
profit. Entrepreneurship also depends on various social and
individual characteristics of gender and culture. It
involves taking risks, and potential entrepreneurs cannot be
risk-averse. A fundamental question stemming from analyzing
these determinants of entrepreneurship is how to design
effective public policy that promotes innovative firm
creation and enables existing firms to catch up, improve
productivity, and grow. Experiences from Asian countries and
developed economies have shown that innovative Small Medium
Enterprises (SMEs) and knowledge-based firm creation have
played a major role in the development of new national
economic advantages. In this context public policy is
pivotal in creating an enabling environment that helps
alleviate the market failures that inhibit firm growth.
Emerging markets have other environmental conditions that
are not present (or are less prevalent) in developed
markets, and investors considering investing in emerging
markets will face added risk as a result. |
| author2 |
Kuriakose, Smita |
| author_facet |
Kuriakose, Smita Kuriakose, Smita |
| format |
Publications & Research :: Publication |
| author |
Kuriakose, Smita |
| author_sort |
Kuriakose, Smita |
| title |
Fostering Entrepreneurship in Georgia |
| title_short |
Fostering Entrepreneurship in Georgia |
| title_full |
Fostering Entrepreneurship in Georgia |
| title_fullStr |
Fostering Entrepreneurship in Georgia |
| title_full_unstemmed |
Fostering Entrepreneurship in Georgia |
| title_sort |
fostering entrepreneurship in georgia |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/01/18147170/fostering-entrepreneurship-georgia http://hdl.handle.net/10986/15786 |
| _version_ |
1764431175201325056 |
| spelling |
okr-10986-157862021-04-23T14:03:22Z Fostering Entrepreneurship in Georgia Kuriakose, Smita Kuriakose, Smita ACCESS TO FINANCE ACCOUNTING ADOPTION OF TECHNOLOGIES ADVERTISEMENTS ADVERTISING AGRICULTURAL PRODUCTION ANGEL INVESTOR BANKING SECTOR BANKRUPTCY BANKRUPTCY LAWS BORROWING BROADCASTS BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS MANAGERS BUSINESS MODEL BUSINESS MODELS BUSINESS OPPORTUNITIES BUSINESS OPPORTUNITY BUSINESS OWNERS BUSINESS OWNERSHIP BUSINESS PARTNERS BUSINESS REGISTRATION BUYER BUYERS CAPABILITIES CAPABILITY CASH FLOW CC CHEMICAL INDUSTRY COLLATERAL COMMERCIAL BANKS COMMODITIES COMMODITY COMMUNICATION TECHNOLOGY COMPANY COMPETITION LAW COMPETITIVE ADVANTAGE COMPETITIVE ADVANTAGES COMPETITIVENESS COMPETITOR COMPETITORS COMPUTER TECHNOLOGIES CONCEPTUAL FRAMEWORK CONTENT MANAGEMENT CONTENT MANAGEMENT SYSTEM COPYRIGHT CORRUPTION COST SAVINGS CUSTOMER BASE CUSTOMS DATA CENTER DATA COVERAGE DEBT DEDICATED DATA DIVERSIFICATION E-MAIL ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INCENTIVES ECONOMICS EDUCATION LEVEL EDUCATION LEVELS EFFICIENCY IN BUSINESS EMERGING MARKETS EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT EMPLOYMENT GROWTH ENABLING ENVIRONMENT ENTERPRISE SECTOR ENTERPRISE SURVEY ENTERPRISE SURVEYS ENTREPRENEUR ENTREPRENEURIAL ACTIVITY ENTREPRENEURIALISM ENTREPRENEURS ENTREPRENEURSHIP ENTREPRENEURSHIP DEVELOPMENT ENVIRONMENTAL ENVIRONMENTAL PROBLEMS ENVIRONMENTAL REGULATIONS EQUIPMENT EXPANSION EXPENDITURES EXPORT MARKETS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL POLICY FINANCIAL SYSTEMS FIRM SIZE FIRM SIZES FIRMS FOREIGN DIRECT INVESTMENT GENDER GLOBAL MARKET GLOBAL MARKETS GLOBAL STANDARDS GLOBALIZATION GOVERNMENT POLICIES GOVERNMENT SERVICES GROSS NATIONAL PRODUCT GROWTH STRATEGIES GROWTH STRATEGY HIGH INTEREST RATES HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT ID INFORMATION TECHNOLOGY INNOVATION INNOVATIONS INSURANCE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL COMPETITION INTERNATIONAL MARKET INTERNATIONAL STANDARDS INTERNATIONALIZATION JOB CREATION LABOR FORCE LABOR PRODUCTIVITY LAWS LEGAL ASSISTANCE LEGISLATION LENDING POLICIES LICENSE LICENSES LICENSING LOAN LOCAL INDUSTRY MANAGERIAL SKILLS MANUFACTURING MARKET RESEARCH MARKET SEGMENT MARKET SEGMENTS MARKETING MATCHING GRANTS MEDIUM ENTERPRISES MULTIMEDIA NETWORKS NEW BUSINESS NEW BUSINESSES NEW ENTRANTS NEW MARKETS NEW TECHNOLOGIES NICHE MARKET NICHE MARKETS OIL OUTSOURCING PATENTS PHOTO PHOTOS POLICY INSTRUMENTS PRINTING PRESS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROCUREMENT PRODUCT INNOVATION PRODUCTION TECHNOLOGY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC POLICY QUALITY STANDARDS QUERIES R&D RADIO REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RESOURCE MANAGEMENT RESULT RESULTS RETAINED EARNINGS RISK TAKING SALES GROWTH SCIENTIFIC RESEARCH SEARCH ENGINE SEES SELF-EMPLOYMENT SERVER SERVERS SERVICES TO CLIENTS SHOP SMALL BUSINESS SMALL BUSINESS DEVELOPMENT SMALL BUSINESSES SMALL FIRMS SME SME POLICY SPONSOR STANDARDIZATION STORAGE SPACE STORE STORES SUBSIDIARY SUBSIDIARY COMPANY SUPPLIER SUPPLIERS SUPPLY CHAIN SUPPLY CHAIN MANAGEMENT SUPPORT STAFF SUSTAINABLE GROWTH TAX ADMINISTRATION TAX CODE TAX LEGISLATION TAX RATES TAXATION TECHNICAL STAFF TECHNOLOGICAL CHANGE TECHNOLOGICAL PROGRESS TECHNOLOGY DIFFUSION TECHNOLOGY TRANSFER TELEPHONE TIME PERIODS TRADE DATABASE TRADE FLOWS TRADE STRUCTURE TRAINING COURSES TRANSITION ECONOMIES TRANSLATION TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES USES VENTURE CAPITAL WEB WEB APPLICATIONS WEB HOSTING WEB PAGES Job creation and productivity growth are at the forefront of today's global development agenda. The 2013 world development report on jobs identified entrepreneurship as an important tool in addressing these dual goals. This study uses the entrepreneurship model put forth in the organization for Economic Co-operation and Development (OECD)-Eurostat Entrepreneurship Indicator Program (2009), with minor modifications. The model comprises various determinants that policy can affect and that in turn influence entrepreneurial performance, or the amount and type of entrepreneurship that take place. The model then refers to the impact of entrepreneurship on higher-level goals such as economic growth, job creation, and poverty reduction. This study focuses on determining the level of entrepreneurship in Georgia and analyzes the role of each determinant in both fostering and constraining entrepreneurial activity. Entrepreneurs view opportunities in the economy by measuring their profit-making potential; that is their first motivation. Entrepreneurs will not pursue a societal need unless they can successfully make a profit. Entrepreneurship also depends on various social and individual characteristics of gender and culture. It involves taking risks, and potential entrepreneurs cannot be risk-averse. A fundamental question stemming from analyzing these determinants of entrepreneurship is how to design effective public policy that promotes innovative firm creation and enables existing firms to catch up, improve productivity, and grow. Experiences from Asian countries and developed economies have shown that innovative Small Medium Enterprises (SMEs) and knowledge-based firm creation have played a major role in the development of new national economic advantages. In this context public policy is pivotal in creating an enabling environment that helps alleviate the market failures that inhibit firm growth. Emerging markets have other environmental conditions that are not present (or are less prevalent) in developed markets, and investors considering investing in emerging markets will face added risk as a result. 2013-09-19T19:20:03Z 2013-09-19T19:20:03Z 2013 http://documents.worldbank.org/curated/en/2013/01/18147170/fostering-entrepreneurship-georgia 978-1-4648-0062-7 10.1596/978-1-4648-0062-7 http://hdl.handle.net/10986/15786 English en_US Directions in Development--Private Sector Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Georgia |