Abstract
Research background: Since April 1, 2018, the Law on Social Entrepreneurship has been in force in Latvia. Unfortunately, the relatively slow preparation and adoption of the law did not bring any benefits to social enterprises (Jeromanova-Maura et al., 2019). Few social enterprises have recently been set up, operating in a small number of business sectors. Various financial support instruments are available to social enterprises, which could promote the establishment of a social enterprise, but the negative attitude of society and understanding of people with special needs is an obstacle to the establishment of new social enterprises. It is in the interests of local governments to give more support to social entrepreneurship in their region. The aim of the article: to study and analyze the processes that have contributed to the faster development of social entrepreneurship and the impact of globalization on the development of social entrepreneurship in Latvia during the last couple of years. To achieve this, the authors have studied the experiences of different countries in the development of social entrepreneurship, focusing on the EU Member States and how globalization has affected the development of social entrepreneurship in each country. Methods: The study uses methods of analysis and synthesis, methods of deduction and induction, as well as methods of logical approach. However, appropriate quantitative methods are used to process the data obtained. Findings & Added Value: The paper aims to assess the impact of globalization on social entrepreneurship as well as the impact of Covid on the creation and development of social enterprises.
Highlights
The problems caused by COVID were a good reason for us to understand in Latvia how united the whole world is in problems, and thanks to modern technologies, everyone can participate everywhere from any part of the world
Research methodology and methods: In order to study the impact of globalization on social entrepreneurship in Latvia, the most information can be obtained by visiting social enterprises, interviewing specialists, participating in various seminars, conferences, working groups in ministries, actively participating in the daily processes of entrepreneurs, to observe dynamics, development, identify problems and, together with entrepreneurs, state and local government employees, representatives of the social entrepreneurship association, to seek new solutions for the development of social entrepreneurship Latvia
Globalisation is failing companies that are unable to compete on the world market, even though they have been sufficiently successful on the domestic market
Summary
The problems caused by COVID were a good reason for us to understand in Latvia how united the whole world is in problems, and thanks to modern technologies, everyone can participate everywhere from any part of the world. In view of the global economic crisis, the social aspects of globalization are even more important for development and poverty reduction. Latvians are aware of the role and impact of globalization. Latvia was very skeptical about globalization, seeing it as a loss of freedom of rights, because the newly regained independence had remained in everyone's memory. The aim is study the impact and role of globalization in changing public opinion from denying social enterprises to a supportive, collaborative attitude and understanding of the importance of social entrepreneurship, both in terms of human rights and economic impact. One of the objectives is to raise public awareness of diversity management, of changing thinking and attitudes towards people with disabilities and their role in society
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