Abstract:
Abstract
Object: The paper seeks to assess the current state of development and effectiveness of support for youth entrepreneurship
in Kazakhstan with the development of a long-term strategy for its growth.
Methods: We used statistical data analysis, methods of system, structural and functional analysis, as well as
SWOT analysis of youth entrepreneurship and its support mechanism in Kazakhstan.
Results: We have identified key components of the current model of institutional support for the development of
youth entrepreneurship in Kazakhstan and the main parameters of their functional effectiveness. The analysis
hasrevealed the following: lack of systematic (integrated) support for the development and encouraging youth entrepreneurship
including a program-oriented approach (in particular, a special state program for the development of youth
entrepreneurship); availability of a small range of institutional tools for specialized support for the development of
youth entrepreneurship (including the lack of a special Fund to support youth entrepreneurship); lack of effective coordinated
interdepartmental interaction between state, public and non-state institutional segments to support and encourage
youth entrepreneurship.
We have revealed main elements of the current model of financial support for youth entrepreneurship in Kazakhstan
and its effectiveness’parameters. The analysis has shown the lackof special financial instruments for comprehensive
support of youth entrepreneurship and specialized targeted financing of this business segment.
We have revealed systemic issues of development of youth entrepreneurship and its support mechanism in Kazakhstan.
The result of the study is a detailed SWOT matrix of youth entrepreneurship and its support mechanism in
Kazakhstan and extrapolation of its results to promising strategies for further development of the youth segment in the
business sector.
Conclusions: The effective development of youth entrepreneurship in the country is determined by institutional
and economic parameters of the current system and its potential dynamics. It is the opportunities for dynamic promotion
that are dominating in the cyclical and possibly circular growth of youth entrepreneurship. This requires application of a
new methodology for long-term analysis. One of the most important methods of this approach is the foresight, which
we study in the next section of this paper.
