Regional development of small and midsize businesses in the conditions of forming of innovative economy of Kazakhstan: a case study

Shuakhbay Zamanbekov (), Amangeldy Dogalov, Darkhan Zamanbekov, Aigul Bildebayeva, Almagul Cheirkhanova, Aigul Bakirbekova and Bakytkul Sikhimbayeva
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Shuakhbay Zamanbekov: Kazakh State Women's Pedagogical University, Kazakhstan
Amangeldy Dogalov: L. N. Gumilyov Eurasian National University, Kazakhstan
Darkhan Zamanbekov: Suleyman Demirel University, Kazakhstan
Aigul Bildebayeva: Kazakh State Women's Pedagogical University, Kazakhstan
Almagul Cheirkhanova: Narxoz University, Kazakhstan
Aigul Bakirbekova: L. N. Gumilyov Eurasian National University, Kazakhstan
Bakytkul Sikhimbayeva: Kazakh State Women's Pedagogical University, Kazakhstan

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 618-639

Abstract: The article is devoted to the development of small and medium-sized enterprises (SMEs) in Kazakhstan which is recognized worldwide as an effective lever for economic growth of the country. It examines the current status and scope of activity of this business in Kazakhstan, as well as the possibility of its development in the future. It was found that the level of SMEs development in the low country, and the current structure of employment of its subjects are far from perfect. The causes of structural deformation of SMEs in business which is related to its lack of development in the industrial sector; the lack of its subjects in the manufacture of certain sectors define the intensive development of the economy. On the example of developed countries, where SMEs take the largest share in the production of the gross domestic product, the substantiation of the possibility of transformation of the business into a major sector of the economy in terms of its development on an innovative basis. Particular attention is paid to the SMEs creation around new innovative enterprises using the outsourcing system, franchising, and other business cooperation. At the same time recommendations on the use of the state to support mechanism to accelerate the growth of SMEs in the industrial sector and fully implement its technical industrial and socio-economic potential.

Keywords: small and medium enterprises; investment; innovation; cluster; outsourcing; franchising mechanism; localization and consulting (search for similar items in EconPapers)
JEL-codes: M20 O30 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:618-639

DOI: 10.9770/jesi.2020.8.1(43)

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