Small Business as a Factor of Economic Development of the Indian Ocean Islands

DOI

10.2991/aebmr.k.200201.011How to use a DOI?

Keywords

the economy of the Indian Ocean Islands, small and medium-sized business, a factor of economic development, entrepreneurial potential

Abstract

The article considers small business as a factor of sustainable development of the economy of the islands in the Indian Ocean. The current situation in the region dictates that an entrepreneur is to become one of the central figures of the market economy on the islands of the Indian Ocean. Without a developed small and medium-sized business it is difficult to talk about the stability of the macroeconomic situation of states. As a result, at the dawn of independence, small business was identified in the islands of the Indian Ocean as the most important sector of the economy. There is no doubt that the economies of many countries of the world rely mainly on small and medium-sized enterprises. The dynamism of the latter determines the evolution of national economies, and as a result, the Indian Ocean Islands have high hopes for developing and improving a small business sector.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Sagaffe Boy Moustoifa
AU  - Tatyana N. Yakubova
PY  - 2020
DA  - 2020/02/10
TI  - Small Business as a Factor of Economic Development of the Indian Ocean Islands
BT  - Proceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP 2019)
PB  - Atlantis Press
SP  - 53
EP  - 56
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200201.011
DO  - 10.2991/aebmr.k.200201.011
ID  - Moustoifa2020
ER  -