TY - CHAP

T1 - Entrepreneurship for Economic Development and Growth: The Case of Russia in BRICS

AU - Смирнов, Сергей Анатольевич

AU - Tshikovhi, Ndivhuho

N1 - The Russian quantitative entrepreneurship indicators were abnormally low compared to other post-socialist countries in transition. However, the situation is rapidly changing, based on the Global Entrepreneurship Monitor (GEM) data. For the past three years, Russia has reached the level of post-socialist countries in entrepreneurial intentions, earning total early-stage entrepreneurial activity (TEA) indicators. These indicators have not reached the BRICS TEA mean value but demonstrate definite growth. Therefore, the share of entrepreneurs in the working population will likely continue to increase. This raises the longstanding question of the impact of entrepreneurship on economic development. Thus far, researchers are yet to reach a consensus on this issue. On the one hand, a positive relationship between economic growth and the number of entrepreneurs is recorded in developed countries. However, on the other hand, many Latin American and African countries with many entrepreneurs in the working population do not demonstrate sustainable economic development. Hence, this chapter will discuss these issues from the Russia perspective. The main research questions are – what is optimal percentage of the population involved in entrepreneurship and what traits should entrepreneurs possess to contribute to economic growth and development? The chapter will examine this question in the context of the distinctive features of Russian entrepreneurship.

PY - 2024

Y1 - 2024

N2 - •Tshikovhi, N., Netswera, F., & Rena, R. (Eds.). (2024). Entrepreneurship in the BRICS: Economic Development and Growth in the Post-Pandemic World (1st ed.). Routledge. https://doi.org/10.4324/9781003475606

AB - •Tshikovhi, N., Netswera, F., & Rena, R. (Eds.). (2024). Entrepreneurship in the BRICS: Economic Development and Growth in the Post-Pandemic World (1st ed.). Routledge. https://doi.org/10.4324/9781003475606

UR - https://www.taylorfrancis.com/chapters/edit/10.4324/9781003475606-19/entrepreneurship-economic-development-growth-sergei-smirnov-ndivhuho-tshikovhi?context=ubx&refId=f9731ea4-fb62-47f6-a1be-c754a53d9b4d

U2 - 10.4324/9781003475606

DO - 10.4324/9781003475606

M3 - Chapter

BT - Entrepreneurship in the BRICS: Economic Development and Growth in the Post-Pandemic World

PB - Brunner - Routledge (US)

CY - New York

ER -