000			03970cam a22003975i 4500
001			18051578
003			US-djbf
005			20210811113039.0
006			m o d
007			cr cn|||||||||
008			140228s2013 waua o 000 0 eng c
010			_a2013372435
020			_a1464800642 (pbk.)
020			_a9781464800641 (pbk.)
020			_z9781464800658 (ebk.)
035			_a(OCoLC)ocn856054959
040			_aBTCTA _beng _cBTCTA _erda _dYDXCP _dNJR _dOCLCO _dFUG _dDLC
042			_apcc
050	0	0	_aHC415.17 _b.F67 2013
245	0	0	_aFostering Entrepreneurship in Armenia / _cSmita Kuriakose, Editor.
264		1	_aWashington, D.C. : _bWorld Bank, _c2013.
300			_a1 online resource (xi, 92 pages) _billustrations ; _c26 cm.
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
347			_adata file _2rda
490	1		_aDirections in development (Washington, D.C.). _vPrivate sector development.
520	3		_aJob creation and productivity growth are at the forefront of the global development agenda. The central challenge today for the government of Armenia is to find new sources of long-term economic growth to become an upper middle-income country, with a view to experiencing a substantial transformation of its economic structure to one that is resilient to external shocks in the medium term. A dynamic and vibrant private sector is thus crucial to Armenias economic growth, with firms making new investments, creating jobs, improving productivity, and promoting growth. Entrepreneurial activity is pivotal to the continued dynamism of the private sector, with the generation of new businesses fostering competition and economic growth. This study seeks to identify determinants of high-growth entrepreneurial activity. The stusy uses data from the new 2012 World Bank Entrepreneurship Survey conducted to gauge new firm growth in the formal sector in Armenia and data from World Bank Enterprise Surveys to analyze innovative activity in existing firms. It includes detailed case study analyses to complement these findings. The study finds that while there is a higher level of entrepreneurial activity in Armenia when compared to its neighbor Georgia, however there remain a number of constraints that inhibit the growth of entrepreneurial and innovative activity. These constraints include a major skills mismatch, ineffective industry-research linkages and a lack of access to risk capital. While outlining broad policy directions in areas namely improving business environment, access to finance, developing skills, incentivizing greater industry- research collaboration, and raising awareness it lays out some priority areas that the government could embark on. The government could remove bottlenecks from the general business environment that impede able entrepreneurs with good ideas from starting a new venture and creating jobs. This would include strengthening the business environment to allow failure and company exit as a necessary part of entrepreneurial learning, company incentives that favor entrepreneurs with good ideas, instruments that enable entrepreneurs to access capital for startups, and intruments to tap into the vast diaspora pool both in terms of knowledge and capital. We hope that the issues discussed and the dialogue initiated during the course of this study would lend itself to policy design to foster high-growth entrepreneurship with a view to higher growth and job creation in this highly globalized world.
588			_aDescription based on print version record.
650		0	_aEntrepreneurship _zArmenia. _921504
700	1		_aKuriakose, Smita, _eeditor. _921505
776	0	8	_aPrint Version: _z9781464800641
830		0	_aDirections in development (Washington, D.C.). _pPrivate sector development. _921506
830		0	_aWorld Bank e-Library. _921507
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-0064-1
999			_c4642 _d4642