The Role of Entrepreneurship in Socio-economic Development of the Asia-Pacific Region: a Comparative Historical Analysis of South Korea’s and Russia’s Experience from a Global Perspective

Student: Popova Tatiana

Faculty: Faculty of World Economy and International Affairs

Educational Programme: Asian Studies (Bachelor)

Year of Graduation: 2020

The key term of this paper is entrepreneurship. It is very important under conditions of destructuration crisis, due to which social structures and institutions start to collapse giving the leading role in socio-economic development to an individual. It means that entrepreneurship can make good the structural shortfall. This paper conceptualizes the fundament of entrepreneurial activity based on the theory of agency. Moreover, historical analysis of entrepreneurship development in Russia and South Korea was conducted as well. The results were interpreted via M. Weber, W. Sombart, K. Marx, J. Schumpeter and T. Shultz’s classical concepts. Besides, statistical analysis enabled us to study current situation with entrepreneurship in Russia and South Korea.

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