https://doi.org/10.36719/2789-6919/43/36-44
Tural Kishizadeh
UNEC
PhD student
https://orcid.org/0009-0009-8340-840X
turalkishizada@gmail.com
Using the Experience of Developed Countries in State
Regulation of Small and Medium Businesses
Abstract
Small and medium-sized businesses (SMEs) play an important role in the sustainable development of the economy. In the modern world, developed countries have implemented various successful strategies for the state regulation and development of SMEs. This article examines the policies implemented by Azerbaijan and neighboring countries - Turkey, Georgia, Russia and Iran - in the field of state regulation of SMEs and how they can benefit from the experience of developed countries in this area.
In developed countries, measures such as tax breaks, state subsidies, support programs for innovation and startups, digitalization initiatives and expansion of credit opportunities are implemented to support SMEs. For example, in the European Union, programs such as Horizon 2020 support the development of innovative businesses, in the United States, financial assistance is provided to entrepreneurs through the Small Business Administration (SBA), and in Japan, strengthening technology-based SMEs is one of the priorities.
Various steps are also being taken in Azerbaijan and neighboring countries for the development of SMEs. In Azerbaijan, the Small and Medium Enterprises Development Agency (SMEDA) supports entrepreneurs, organizes subsidies and training. In Turkey, KOSGEB has created wide opportunities for SMEs.