Motivators and inhibitors of entrepreneurship and small business development in Kazakhstan
| Published date | 01 March 2011 |
| Date | 01 March 2011 |
| Pages | 61-75 |
| DOI | https://doi.org/10.1108/20425961201000006 |
| Author | Jung‐Wan Lee,Simon W. Tai |
| Subject Matter | Public policy & environmental management |
World Journal of Enterprenuership, Management and Sustainable Development, Vol. 6, Nos. 1/2, 2010
61
Copyright © 2010 WASD
Abstract: This study investigates motivators and inhibitors of entrepreneurship
and small business development in the transitional economy of Kazakhstan in
Central Asia. A qualitative research was used to obtain a macro view of developing
entrepreneurship and small business in Kazakhstan. A focus group interview with
entrepreneurs and small business owners was conducted during 2006. In general,
factors that enhance entrepreneurship and small business development include
encouraging social entrepreneurship, increasing credits availability, improving
institutional environment and supports from international organisations. Selected
policy and practical implications are identified, such as improving institutional
development, creating supportive business environment, and promoting social
entrepreneurship.
Keywords: entrepreneurship; social entrepreneurship; small business development;
institutional environment; doing business environment; transition economy;
Kazakhstan.
Jung-Wan Lee*1, Boston University, USA
Simon W. Tai2, KIMEP, Kazakhstan
MOTIVATORS AND INHIBITORS
OF ENTREPRENEURSHIP AND
SMALL BUSINESS DEVELOPMENT
IN KAZAKHSTAN
INTRODUCTION
Entrepreneurship and small business
development are essential in the economic
transformation of Central Asian countries,
such as Kazakhstan, Kyrgyzstan, Tajikistan,
Uzbekistan and Turkmenistan, from
centrally planned economy to the
market-oriented economy. The nature
of entrepreneurship and small business
development under these transitional
economies differ somewhat from those
developed market economies in such a way
that financial and capital market conditions
are generally more stable and favourable for
entrepreneurs and small businesses.
Recently, there has been a proliferation
of entrepreneurship and small business
development in Central Asia, attributable
mainly to promotion and assistance given to
the small business sector by the governments
and foreign agencies. These foreign
development agencies are the United States
1*Administrative Sciences Department, Metropolitan College, Boston University, 808 Commonwealth Avenue,
Boston, MA 02215, USA, e-mail: jwlee1119@yahoo.com
2Finance Department, Bang College of Business, KIMEP, 2 Abai Avenue, Almaty 050010, Kazakhstan,
e-mail: Tai@kimep.kz
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