Public Policy Role In Stimulating The Small And Medium-Sized Businesses Development

Abstract

The paper is devoted to the issues of state policy while stimulating the development of small and medium-sized businesses. According to the authors, in recent years the qualitative and effective development of small and medium-sized businesses is the factor of sustainable consolidation of the Russia’s national wealth, increase of the growth rate of production and quality provision of services. However, small and medium-sized businesses in the regions and in Russia in general, bear considerable discomfort, which prevents its further development. The study emphasizes the magnitude and importance of the development of small and medium-sized businesses in the regions of the Russian Federation. The authors determine its effective impact on the overall development of the economy of the republic and the economy of Russia in general. The formation of a new organizational and economic mechanism for the development of socially oriented small and medium-sized businesses requires us to address some tasks: – to develop effective state policy in the sphere of small and medium-sized businesses using the latest technologies and development of science, as well as to develop business structures; – to develop new socially oriented and foster existing legislative and regulatory acts regulating small and medium-sized entrepreneurship; – to create a full competitive environment for small and medium-sized businesses within the country ensuring competitiveness of small businesses outside its borders, comprehensive support of socially oriented small and medium-sized businesses by the state thus ensuring its effective development.