Azerbaijan stimulates economy through boosting entrepreneurship
The competition between the liberal economy in the West which was dominated by SMEs and the centralized economy in the USSR which was made up of big and mega enterprises resulted in the victory of formers after 70 years. It was not just a competition between the two ideologies which were totally opposite each other, but also a means to prove some economic theories.
As is known, the Soviet Union established mega enterprises which employed thousands of people. However, in Western countries, SMEs dominate in economy. They witnessed several economic crises and stagnations but they were able to surmount both problems. In comparison, for example, an economic collapse in a country in the West has subsequently spurred that country's rise. However, this development did not have a positive effect within the Soviet Union. One crisis in 70 years was enough to dismember the big country into 15 places. It proved that SMEs are more flexible and viable than big enterprises. They can handle risks more easily and find ways to continue production but big enterprises do not have such luxuries. For example, most of the former Soviet mega enterprises have not been able to re-establish.
So, Azerbaijan has taken a lesson from the fate of the former USSR which the country was a part of it. The country pays special attention to the establishment and development of SMEs and they are an important source of employment, but their full potential........
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