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    Fostering Entrepreneurship in Georgia
    Fostering Entrepreneurship in Georgia
    Fostering Entrepreneurship in Georgia
    Ebook172 pages1 hour

    Fostering Entrepreneurship in Georgia

    By Smita Kuriakose

    ()

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    About this ebook

    Entrepreneurial activity is pivotal to the continued dynamism of the private sector, with the generation of new businesses fostering competition and economic growth. This study uses data and in depth case studies to help make the environment in Georgia more conducive for high-growth entrepreneurial activities.

    LanguageEnglish
    PublisherWorld Bank Publications
    Release dateSep 12, 2013
    ISBN9781464800634
    Fostering Entrepreneurship in Georgia

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      Book preview

      Fostering Entrepreneurship in Georgia - Smita Kuriakose

      DIRECTIONS IN DEVELOPMENT

      Private Sector Development

      Fostering Entrepreneurship in Georgia

      Smita Kuriakose, Editor

      © 2013 International Bank for Reconstruction and Development / The World Bank

      1818 H Street NW, Washington DC 20433

      Telephone: 202-473-1000; Internet: www.worldbank.org

      Some rights reserved

      1 2 3 4 16 15 14 13

      This work is a product of the staff of The World Bank with external contributions. Note that The World Bank does not necessarily own each component of the content included in the work. The World Bank therefore does not warrant that the use of the content contained in the work will not infringe on the rights of third parties. The risk of claims resulting from such infringement rests solely with you.

      The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.

      Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

      Rights and Permissions

      This work is available under the Creative Commons Attribution 3.0 Unported license (CC BY 3.0) http://creativecommons.org/licenses/by/3.0. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions:

      Attribution—Please cite the work as follows: Kuriakose, Smita, ed. 2013. Fostering Entrepreneurship in Georgia. Directions in Development. Washington, DC: World Bank. doi:10.1596/978-1-4648-0062-7. License: Creative Commons Attribution CC BY 3.0

      Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. The World Bank shall not be liable for any content or error in this translation.

      All queries on rights and licenses should be addressed to the Publishing and Knowledge Division, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org.

      ISBN (paper): 978-1-4648-0062-7

      ISBN (electronic): 978-1-4648-0063-4

      DOI: 10.1596/978-1-4648-0062-7

      Cover photo: © Yuri_Arcurs/istockphoto.com. Used with permission; further permission required for re-use.

      Cover design: Debra Naylor, Naylor Design, Inc.

      Library of Congress Cataloging-in-Publication Data has been requested.

      Contents

      Acknowledgments

      This book was authored and edited by Smita Kuriakose (economist, World Bank). Significant inputs were provided by Nana Adeishvili (consultant, World Bank), Murat Seker (economist, World Bank), Christina Tippmann (consultant, World Bank), Nicholas Vonortas (professor, The George Washington University), and Judy Yang (consultant, World Bank). Timothy Williams (consultant, World Bank) provided valuable research assistance and input. A background paper based on Gallup World Poll data was prepared by Leora Klapper (lead economist, World Bank) and Atisha Kumar (consultant, World Bank). A background note on the existing insolvency framework was produced by Andres Federico Martinez (private sector development specialist, World Bank), Nina Pavlova Mocheva (private sector development specialist, World Bank), Anjum Rosha (consultant, World Bank), and Mahesh Uttamchandani (lead private sector development specialist, World Bank). A box on latent entrepreneurship was prepared by Erwin R. Tiongson (senior economist, World Bank) based on ongoing work with Hilal Atasoy and others (2013), Latent Entrepreneurship in the Europe and Central Asia Region. A background note on trade flows was produced by Giuseppe Manzillo (consultant, World Bank).

      The team has greatly benefited from constructive comments from peer reviewers Mark Dutz (senior economist, World Bank), Esperanza Lasagabaster (service line manager, World Bank), Pedro Rodriguez (lead economist, World Bank) and Rashmi Shankar (lead economist, World Bank), as well as comments from Angela Prigozhina (country sector coordinator for finance and private sector in the Southern Caucasus, World Bank). The team also gratefully acknowledges the extensive comments received and incorporated from the participants at the various consultation workshops conducted in Georgia. Participants included representatives from government counterpart ministries, academics, research institutions, and the private sector. The team thanks Communication Development Inc. for valuable

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