Social entrepreneurship as a catalyst for addressing inequalities and promoting sustainable development

Saule Okutayeva, Emin Askerov, Zubirash Smagulova, Nurgul Yesmagulova and Saida Kaidarova

RIVISTA DI STUDI SULLA SOSTENIBILITA', 2024, vol. XIV, issue 1, 11-25

Abstract: The evolution of socio-economic relations has determined the emergence of such a type of activity as social entrepreneurship, which applies the commercial component to businesses that directly influence the transformation of the social sphere by solv ing concrete social problems. The purpose of this study was to summarise the theo retical foundations and practical experience of social entrepreneurship in Kazakh stan. The information base for the study was provided by relevant scientific studies in this area, as well as regulations of the Republic of Kazakhstan and official statis tical information. The findings reveal a significant increase in the number of social entrepreneurship entities, indicating the dynamism of this sector?s development. However, over 43% of these entities fall under category 4, characterized by simpli fied criteria for inclusion in the register, suggesting limited involvement of socially vulnerable segments of the population. Accordingly, there is a limited involvement of socially vulnerable segments of the population in the economic activity of the country due to the low activity of business involvement in solving social problems, which underlies the functioning of the industry. The study highlights the vital role of social entrepreneurship in addressing inequalities and fostering sustainable devel opment by solving concrete social problems. By providing employment opportuni ties, access to essential goods and services, and innovative solutions, social enter prises can contribute to reducing inequalities, promoting inclusive economic growth, and creating sustainable communities. Based on the identified problems, to improve the efficiency of social entrepreneurship functioning, this study offered practical recommendations aimed at improving administrative and regulatory mechanisms.

Date: 2024
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