The Development of Entrepreneurship and Kazakhstan from the Perspective of Entrepreneurship

Abstract

Although entrepreneurship dates back to old ages, academic studies on entrepreneurship have increased only very recently. The economic, political, and cultural changes of the current century have resulted in the development of new entrepreneurships. Even though entrepreneurship mostly reminds one of SMEs, it should be remembered that many of today's large firms were once small ones. The concept of dynamic entrepreneurship put forward by Joseph A. Schumpeter has gained enormous importance in recent years. Throughout history the demand for well-qualified individuals with real entrepreneurship spirit who can lead the dynamic forces of the economy has never been as high as it is now in today's information society. It can, therefore, be argued that global success depends on the establishment of social mechanisms to educate potential entrepreneurs. From this perspective, Kazakhstan draws attention as a country with shared cultural values and attractive investment opportunities in numerous sectors.