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  /  Motivators & inhibitors of entrepreneurship & small business development in Kazakhstan

Motivators & inhibitors of entrepreneurship & small business development in Kazakhstan

Jung-Wan Lee, Boston University, USA
Simon W. Tai, KIMEP, Kazakhstan

Abstract: This study investigates motivators and inhibitors of entrepreneurship and small business development in the transitional economy of Kazakhstan in Central Asia. A qualitative research was used to obtain a macro view of developing entrepreneurship and small business in Kazakhstan. A focus group interview with entrepreneurs and small business owners was conducted during 2006. In general, factors that enhance entrepreneurship and small business development include encouraging social entrepreneurship, increasing credits availability, improving institutional environment and supports from international organisations. Selected policy and practical implications are identified, such as improving institutional development, creating supportive business environment, and promoting social entrepreneurship.
Keywords: entrepreneurship; social entrepreneurship; small business development; institutional environment; doing business environment; transition economy; Kazakhstan.