Fostering Entrepreneurship in Armenia
The peaceful democratic transformation opens up new avenues of cooperation within the framework of the Eastern Partnership. The targets identified by the "20 Deliverables for ", particularly in such areas as advancing the economic development and market opportunities, strengthening institutions and good governance, fostering connectivity, energy efficiency, mobility and people-to-people contacts, the protection of the environment, and they are also among the many priorities, main priorities of the new Government of Armenia.
In the previous five months the Government of Armenia has been specifically focused on the objectives of fostering the rule of law, fighting corruption and strengthening democratic institutions. In our actions and activities by far we have a good measure of tangible results, as well as strong recognition of the imperative of continuity and sustainability of such efforts.
- Fostering Entrepreneurship in Armenia, Smita Kuriakose, Editor, (electronic resource)?
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Equally important is the priority of fostering our national development agenda. The results of the municipal elections in Yerevan in September manifest the continued strong public support and mandate rendered to the political base of the Prime Minister and our Government. The popular demand for conducting extraordinary elections defines the present political momentum. Elections are expected in December As was the case with the municipal elections, the conduct of genuinely free and fair general elections is the absolute priority and the strong political will of this Government.
The Government welcomes and appreciates the technical and financial support of the European Union and its member states for the conduct of elections. The Government is equally resolute in reinforcing its reform agenda for development.
Turn a good idea into a great idea
It aims at embracing the national talent as the drivers of smart development. We intend to stimulate the cooperation within different platforms afforded by the EU and the Eastern Partnership in this regard - Horizon , Erasmus Plus and other such platforms. The EU-Armenia Comprehensive and Enhanced Partnership Agreement is a truly significant framework of multidimensional cooperation with the EU in support of our national development agenda.
We are willing to build on the existing positive record of cooperation and support for the advancement of smart public administration. Both in its programme and in the actual conduct of policies the Government has been distinctly adhering to continuity of its foreign policy, both at bilateral and multilateral levels, aimed at the promotion of regional and international peace, stability and mutually reinforcing cooperation.
Fostering Entrepreneurship in Georgia - Google Книги
This item is available to borrow from 4 library branches. Summary Job creation and productivity growth are at the forefront of the global development agenda. The central challenge today for the government of Armenia is to find new sources of long-term economic growth to become an upper middle-income country, with a view to experiencing a substantial transformation of its economic structure to one that is resilient to external shocks in the medium term. A dynamic and vibrant private sector is thus crucial to Armenias economic growth, with firms making new investments, creating jobs, improving productivity, and promoting growth.
Entrepreneurial activity is pivotal to the continued dynamism of the private sector, with the generation of new businesses fostering competition and economic growth. This study seeks to identify determinants of high-growth entrepreneurial activity.
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The stusy uses data from the new World Bank Entrepreneurship Survey conducted to gauge new firm growth in the formal sector in Armenia and data from World Bank Enterprise Surveys to analyze innovative activity in existing firms. It includes detailed case study analyses to complement these findings. The study finds that while there is a higher level of entrepreneurial activity in Armenia when compared to its neighbor Georgia, however there remain a number of constraints that inhibit the growth of entrepreneurial and innovative activity.
These constraints include a major skills mismatch, ineffective industry-research linkages and a lack of access to risk capital.
While outlining broad policy directions in areas namely improving business environment, access to finance, developing skills, incentivizing greater industry- research collaboration, and raising awareness it lays out some priority areas that the government could embark on. The government could remove bottlenecks from the general business environment that impede able entrepreneurs with good ideas from starting a new venture and creating jobs.
This would include strengthening the business environment to allow failure and company exit as a necessary part of entrepreneurial learning, company incentives that favor entrepreneurs with good ideas, instruments that enable entrepreneurs to access capital for startups, and intruments to tap into the vast diaspora pool both in terms of knowledge and capital.
We hope that the issues discussed and the dialogue initiated during the course of this study would lend itself to policy design to foster high-growth entrepreneurship with a view to higher growth and job creation in this highly globalized world Job creation and productivity growth are at the forefront of the global development agenda. This would include strengthening the business environment to allow failure and company exit as a necessary part of entrepreneurial learning, company incentives that favor entrepreneurs with good ideas, instruments that enable entrepreneurs to access capital for startups, and instruments to tap into the vast diaspora pool both in terms of knowledge and capital.
We hope that the issues discussed and the dialogue initiated during the course of this study would lend itself to policy design to foster high-growth entrepreneurship with a view to higher growth and job creation in this highly globalized world.
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Extent xi, 92 pages. We hope that the issues discussed and the dialogue initiated during the course of this study would lend itself to policy design to foster high-growth entrepreneurship with a view to higher growth and job creation in this highly globalized world Member of Directions in development Washington, D.