Current state and directions of small and medium-sized businesses development in the Republic of Kazakhstan

Abstract

The article analyzes the current state of small and medium-sized businesses in the Republic of Kazakhstan. The author reveals the essence of business through the prism of public administration and defines its role in the economy of Kazakhstan. As a result of the study, the features and systemic problems in the functioning of small and mediumsized businesses in the Republic of Kazakhstan were studied. When analyzing the current state and development of SMEs in the Republic, the method of collecting information and, in part, the method of abstraction were used for effective search, grouping, processing and generalization of the necessary material. The study of the economic dynamics of indicators by means of a comparative method to establish cause –and-effect relationships and identify systemic problems of state regulation and development of small business. Through the application of appropriate general and private economic methods, promising directions for further development of small and medium-sized businesses in the Republic of Kazakhstan were developed, which include: improving the strategy and tactics of interaction between representatives of SME and the authorities; improving legislation (tax, financial and innovation) in the field of SME support; improving mechanisms that ensure access to financial resources for SME; creation of Centers financed by state for the training specialized personnel and intensification of the development of modern forms of business integration.