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An analysis of youth unemployment and entrepreneurship in the world today

Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation ( v2v3s4@mail.ru )

Zakharova A.N. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation ( zaharova_an@mail.ru )

Dulina G.S. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation ( dulina.g@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #2, 2020

Subject We consider the unemployment and entrepreneurship among young people.
Objectives The aim of the study is to identify causes of youth unemployment and entrepreneurship in the modern world pattern.
Methods The study rests on a holistic approach, using the methods of statistical analysis and cluster analysis.
Results We specify the essence of youth unemployment, reveal the growth of unemployment in low- and middle-income countries, which is a driver of youth entrepreneurship. The problem of unemployment in low- and middle-income countries is addressed by shifting priorities from reducing the unemployment to increasing the employment. The high level of unemployment among young people prevails in developed countries with a high share in GDP and industrial output. First of all, this is due to the need to obtain a high level of education and qualifications for high-tech sectors of economy. Limited educational opportunities in low- and middle-income countries are not an obstacle to self-employment and entrepreneurship. The findings clarify the ontology of youth unemployment and entrepreneurship in the modern world, creating new competencies in relation to the public policy aimed at unemployment reduction.
Conclusions The specifics of youth unemployment and entrepreneurship in the modern world is associated with consistently high indicators of poverty level of the working youth, which depends on gender characteristics. High unemployment is observed among young people, both men and women, however, the employment among male youth is significantly higher.


Analyzing opportunities of the region's economy for the youth entrepreneurship development

Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation ( v2v3s4@mail.ru )

Zakharova A.N. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation ( zaharova_an@mail.ru )

Dulina G.S. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation ( dulina.g@yandex.ru )

Journal: National Interests: Priorities and Security, #2, 2020

Subject The study discusses the youth entrepreneurship in the region.
Objectives The study forges unique forms of new knowledge as the young people and their role as human resources are revised, being employed in production, distribution, exchange and consumption of benefits.
Methods The study is based on the systems approach and methods of descriptive statistics.
Results The youth entrepreneurship is found to play an increasing role in the new global economic system, being a special group in terms of unemployment and poverty of the employed. There is a predominance of intentional activities in countries with the low and medium levels of income to stimulate the self-employed and entrepreneurship, while the countries with the high level of income just assist in creating jobs and job placement. The specifics of the Russian economy shifts the priority development trajectory to entrepreneurship, focusing the responsibility for the life quality on people. Due to capabilities of the Chuvash Republic's economy and regulatory documents governing entrepreneurship and Strategy for the Socio-Economic Development, the young businessmen prevail in sectors of industrial export, developing a special form of intermediation as part of the import substitution policy.
Conclusions and Relevance As the constituent entities of the Russian Federation have different economic capabilities, the difference stimulates the youth entrepreneurship. The diminished functionality of the Chuvash economy is based on a special discourse which is devoted to the region’s foreign trade and understood as a priority in the Federal law on strategic planning.


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