Home  Journals  National Interests: Priorities and Security  15(108) - 2011 April

Corruption retards the development of Russian small businesses

Available online: 13 April 2011

Subject Heading: Priorities of Russia

JEL Classification: 

During the economic crisis corruption stood up in the first place in the small business constraints and problems rating. The main trend in small and medium-sized businesses support, as well as in solving major problems of pulling the national economy towards an innovative path of development, is to fight corruption, irrational administrative barriers and the shadow economy. Measures to improve SMEs activities conditions need to be coordinated with measures to improve the business environment in Russia. Large-scale state financial injections in the sphere of small business cannot compensate for an unfavorable business and investment climate being present in Russia. There is a strong need to substantially improve the business climate itself.

Keywords: small business, shadow economy, corruption, problems rating, modernization

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ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

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