THE IMPACT OF ECONOMIC POLICIES ON ENTREPRENEURSHIP DEVELOPMENT: A COMPARATIVE STUDY IN EMERGING COUNTRIES

Ural Federal University, B. N. Yeltsin, Yekaterinburg, Russia
Russian Federation


Abstract

The aim of this study is to compare the effect of economic policies on entrepreneurship development in European (Russia and Poland) and African (Ghana and Mauritania) contexts. The study uses a mixed methods approach, including comparative case studies and analysis of quantitative data, including business registration rates, as well as qualitative data based on policy reports. The hypothesis is that if the macroeconomic policies are stable and the institutions are well-structured with support, then the entrepreneurial growth rate in the emerging economy is significantly accelerated. The research shows that Russia and Poland have better environments for entrepreneurship than the other countries because they have innovation programs and stable fiscal conditions. On the other hand, despite infrastructure and financing difficulties, the recent efforts to involve young people and financial inclusion in the digital age are contributing to progress in both Ghana and Mauritania. Sustainable entrepreneurship needs adaptive policy mechanisms that are grounded in local realities and need to provide access to finance and capacity development for the long-term.

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