Genesis of State Entrepreneurship in Ukraine and the World: from Privatization to Internationalization

Abstract

The study considers how the phenomenon of state entrepreneurship has been examined in theoretical works by world-famous researchers. It has been brought to light that a comparison of the performance of state-owned enterprises is rather difficult due to divergent views on their socio-economic and institutional framework in different countries. The characteristics of privatization processes that have taken place since the 1990s as well as their current trends are identified. The contribution of an entrepreneurial state in financing and stimulating innovations is analyzed. Bearing in mind the ever-growing role of state entrepreneurship in building business processes, it is noted that the current stage of the development of state entrepreneurship needs significant changes in the state system of economic governance. Taking into account shortcomings over the analyzed period, suggestions have been put forward on how to improve the effectiveness of state entrepreneurship seen as a tool of public administration.