Support for Small and Medium-Sized Businesses: International Experience and Russian Realities

Abstract

The activities of small and medium-sized businesses are the object of state support in all countries of the world, especially in developing countries, whose economic situation has been shaken as a result of a complex of external shocks due to the coronavirus pandemic and geopolitical instability. The subject of the study is measures of state support for small and medium — sized enterprises (SMEs) in Russia and abroad. The purpose of the work is to identify promising areas of state support for small businesses in the context of modern trends in the development of the world economy. The article examines the problems of modern small and medium-sized businesses in countries with different levels of economic development and highlights the most promising of them. The influence of modern economic trends on the prospects for the development of small and medium-sized enterprises in countries with different income levels and possible measures to offset the negative consequences for countries with a low level of economic development are analyzed. The impact of economic and political instability on small businesses in developing countries has been studied. The main directions of state support for small and medium-sized enterprises in Russia are presented. Conclusions are drawn about the need to stimulate and comprehensively support the activities of SMEs by the state, especially in relation to companies focused on exporting their products to the international market.