Abstract
This research is aimed at determining the characteristics of the current level of entrepreneurial potential of the Three Seas Initiative (3SI) countries, the ability to overcome the consequences of extraordinary events, such as COVID-19 and prospects for the return to an accelerated development once the destabiliser of the economic system, the coronavirus pandemic, has ceased. Eurostat, World Bank and the World Economic Forum data for 2015-2019 were used for the purpose of the research. The research was divided into three stages, i.e. assessment of economic development on the basis of a synthetic ratio of economic anchor development, for which a relative benchmark method based on spatial median (so-called L1 median or Weber point) was used, identification of conditions for the development of entrepreneurial capacity and statistical analysis showing the correlation between economic anchor measures and selected factors of the 3SI countries economic development. Our study found that the entrepreneurial capacity of the 3SI countries in 2015-2019 was determined by nine characteristics, belonging to six areas, i.e. local economy, demographic situation, social situation, trade exchange, innovation and tourism economy. The entrepreneurial potential of the 3SI countries was spatially diversified, and its development was determined, among others, by the entrepreneurial activity of residents (entrepreneurship index) and the conditions for running a business.
Highlights
The coronavirus pandemic and its socio-economic consequences have triggered a broad discussion on the functioning of world economies both during and after the pandemic
A framework to measure the taxonomic of economic anchor - 3SI case
An example of the impact of the latter is the outbreak of the coronavirus pandemic, which caused a shock to economic systems and their temporary "dormancy"
Summary
The coronavirus pandemic and its socio-economic consequences have triggered a broad discussion on the functioning of world economies both during and after the pandemic. Entrepreneurship is an organised, social process of creating and using opportunities [21, 22], the effects of which are identified at the individual level (employee, entrepreneur, income, career), micro-economic level (enterprises, development, products) and macroeconomic level (economy, jobs, taxes) [23]. This means that the improvement of conditions for entrepreneurial activity affects the entrepreneurial potential of the country, and increases its attractiveness and competitiveness on the international market. This makes it possible, inter alia, to determine the competitive position of the country or group of countries concerned in relation to other economic systems
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