Analytical review of changes in entrepreneurial intentions in various countries according to data obtained via global monitoring

Theoretical bases of economics and management

The article provides an analysis of such indicators as entrepreneurial intentions and entrepreneurial status. The indicators of entrepreneurial activity were studied in respect to various factors and incentive motives to start a business. The Global Entrepreneurship Monitor (GEM) database was used. Data obtained in the course of the survey of the economically active population in such countries as Russia, China, the United States, India, Germany, France, the United Kingdom, Spain, Italy and Japan were studied. The analysis of entrepreneurial intentions and other indicators was conducted for each country, which resulted in producing comprehensive summaries. Entrepreneurial activity is of interest for the economically active population in all the countries considered in this paper, as it is a good career choice. Successful entrepreneurs enjoy high social status among the population of all the reviewed countries. The index of early-stage entrepreneurial activity is significantly higher than the rate of business discontinuation, which testifies to the ongoing rapid development of entrepreneurship. Entrepreneurship has now become one of the most important life spheres for a considerable part of the adult population to apply their efforts in. In some cases, their entrepreneurial activities are not considered primary and are pursued on an occasional basis, in spare time. In the Russian Federation, entrepreneurship has gained momentum in recent years. It ranks quite high in the public’s mind. There is a number of prospective entrepreneurs, well-grounded and not averse to taking risks with their own businesses. The further development and the support of entrepreneurial activity in the Russian Federation require institutional changes, including eliminating ambiguities and uncertainties in the legislation and ensuring its ability to respond to present-day challenges, improving mechanisms for state regulation and reducing administrative barriers. It is of particular importance to provide access of entrepreneurs to financial resources by reducing credit interest rates and developing special loan programs for budding entrepreneurs.