Peculiarities of Entrepreneurial Ecosystems in the Caucasus Countries: The Case of Georgia

Lela Grießbach ()
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Lela Grießbach: University of Siegen, Department III, Business Administration

A chapter in The Clash of Entrepreneurial Cultures?, 2022, pp 89-100 from Springer

Abstract: Abstract This chapter deals with the entrepreneurial ecosystem (EE) of post-Soviet Georgia, which has undertaken tremendous endeavours since the peaceful Rose Revolution, bringing about a democratic institutional design and improving institutional quality. Located in the Caucasus region, providing a transit corridor between Europe and Asia, Georgia offers a unique context for the examination of EEs, as it is affected by both the Soviet legacy and Western-style liberal market dynamics. A bottom-up approach to analysis, supported by initial key insights from expert interviews, has been applied to determine the peculiarities of the EE in Georgia. Government regulations, the taxation system and corruption have been used as indicators for the institutional framework, whereas access to finance, R&D, infrastructure and a skilled workforce were considered physical conditions crucial for entrepreneurial activity. Despite the global recognition of Georgia having transformed from a failed to a neoliberal modern state, its EE seems to be in its infancy. As many endeavours have been tactical rather than strategic, several constraints on systemic, institutional and social levels still hamper the development of local entrepreneurial activity. Although the successful removal of entry barriers at an administrative level has encouraged entrepreneurial activity, the ease of doing business is not directly related to productive entrepreneurship.

Keywords: Entrepreneurship; Entrepreneurial ecosystem; Institution building; Transition economies; Post-Soviet context; Caucasus; Georgia (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fgfchp:978-3-030-97050-5_8

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DOI: 10.1007/978-3-030-97050-5_8

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