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SME and Entrepreneurship Policy in Kazakhstan 2018

image of SME and Entrepreneurship Policy in Kazakhstan 2018

The government of Kazakhstan has set an objective to substantially increase the contribution of SMEs and entrepreneurs to employment and value added in the economy. Although there are large numbers of SMEs and entrepreneurs in the country, achieving this growth will require a step change in the productivity of existing SMEs and the emergence of many more medium-sized and growth-oriented firms.

This report shows the important achievements of the government in creating a clear vision and structures for SME and entrepreneurship policy, including major improvements in business regulations and through the introduction of the Business Road Map 2020 programme offering direct supports to SMEs and entrepreneurs in areas such as financing and infrastructure. It also highlights the current challenge of doing more to strengthen management capabilities, skills, and innovation in SMEs and new enterprises, and makes a range of specific recommendations for policy actions including further building the incubator and Entrepreneurship Support Centre infrastructure, introducing dedicated support for high-growth potential enterprises, and stimulating supply chain linkages around foreign director investors.

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The Local Dimension to SME and Entrepreneurship Policy in Kazakhstan

The overall focus of this chapter is the adaptation of SME and entrepreneurship policies to regional differences in Kazakhstan. It starts by assessing regional variations in the levels and characteristics of SME and entrepreneurship activities and in the obstacles found in regional business environments. It then assesses how regional government authorities and regional co-ordinating committees help tailor national SME and entrepreneurship development programmes to regional conditions and how coherence is achieved between national and regional level SME and entrepreneurship policy actions. Finally, the chapter examines the issue of simplifying regional business regulation. The chapter offers a number of policy recommendations.

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