Received:
2017-03-27 | Accepted:
2017-07-20 | Published:
2017-09-29
Title
Ecosystem of entrepreneurship: risks related to loss of trust in stability of economic environment in Kazakhstan
Abstract
Favorable ecosystem of entrepreneurship plays crucial role for successful development of small and medium enterprises (SMEs) and their sustainability. One of preconditioms of encouraging business environment is its’ stability, and trust in long-term stability. Meanwhile the global economic crisis has created a state of economic and political instability, what consequently affected trust of business entities, and therefore contributed to increase of social and economic risks. The article discusses the decline of trust in the entrepreneurship of Kazakhstan, examines the causes and consequences of loss of confidence as an important institutional resource.
Keywords
entrepreneurship ecosystem, trust, business risks, economics, Kazakhstan, Small and Medium-sized Enterprises (SMEs), corruption, state
JEL classifications
O15
, O50
, O53
, P40
, P47
URI
http://jssidoi.org/jesi/article/136
DOI
HAL
Pages
105-115
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
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