IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

State Institutions of Financial Support for Small Business in Volatile Economies: Possible Application of Russian Experience in Ghana

State Institutions of Financial Support for Small Business in Volatile Economies: Possible Application of Russian Experience in Ghana
View Sample PDF
Author(s): Dmitry Shevchenko (Southern Federal University, Russia)and Harry Kingsley Arku (Southern Federal University, Russia)
Copyright: 2019
Pages: 17
Source title: Strategy and Superior Performance of Micro and Small Businesses in Volatile Economies
Source Author(s)/Editor(s): João Conrado de Amorim Carvalho (Unidade de Ensino Superior Dom Bosco, Brazil)and Emmanuel M.C.B. Sabino (FORUM (Centro de Formação, Estudos e Pesquisas), Brazil)
DOI: 10.4018/978-1-5225-7888-8.ch001

Purchase


Abstract

Financing of small and medium-sized enterprises (SMEs) today is one of the major areas of state support in volatile economies, as it is recognized as the most pressing problem affecting the activities of small businesses. The scale of development of SMEs in Russia today and its contribution to the economic recovery is clearly insufficient and impossible to expand without special measures of state support. This chapter will analyze the current state, dynamics, and financial constraints of SMEs in Russia; classify state supporting institutions; suggest basic methods to curb the situation; and disclose prospective financial supporting tools for SMEs development. The authors established the possibility of applying the Russian experience in supporting SMEs in the Republic of Ghana. This is due to the similarities in economic issues in these countries such as depreciation of currency and fall in oil prices. The authors analyzed the volumes and results of major government activities of the Russian Federal State and identified prospects for their development and implementation in Ghana.

Related Content

Sonal Linda. © 2024. 24 pages.
Yasmin Yousaf Mossa, Peter Smith, Kathleen Ann Bland. © 2024. 40 pages.
Ugochukwu Okwudili Matthew, Jazuli Sanusi Kazaure, Charles Chukwuebuka Ndukwu, Godwin Nse Ebong, Andrew Chinonso Nwanakwaugwu, Ubochi Chibueze Nwamouh. © 2024. 29 pages.
Shruti Jose, Priyakrushna Mohanty. © 2024. 20 pages.
Richa Srishti. © 2024. 15 pages.
Aleksei Alipichev, Liudmila Nazarova, Yana Chistova. © 2024. 21 pages.
Mustafa Öztürk Akcaoğlu, Burcu Karabulut Coşkun. © 2024. 18 pages.
Body Bottom