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External Factors and Conditions of Innovative Development Entrepreneurial Sector of the Republic of Belarus

Year: 2019

Type: article

Abstract: The article reveals the importance of factors and environmental conditions for the innovative development of economic systems. It is shown that unfavorable macroeconomic conditions give rise to additional, excess costs, which are proposed to be called external business losses. On the basis of the research carried out, it was concluded that the external environment is very unfavorable for business in the countries of the Eurasian Economic Union (EAEU), including the Republic of Belarus. Purposeful improvement of environmental factors and conditions to the level of our competitors should be the main indicator of the effectiveness of the functioning of public institutions of the EAEU and its member states.

Source: Экономическая наука сегодня

DOI: 10.21122/2309-6667-2019-9-181-191

Authors: V. Baynev, Yu. Runkov

Institution: Belarusian State University

Language: English

Topic: Economic and Industrial Development

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

OpenAlex ID: W3205962771