A Comparative Analysis of the Development of Startups in the World Economy
Trofymenko O. O., Ilyash O. I.

Trofymenko, Olena O., and Ilyash, Olha I. (2023) “A Comparative Analysis of the Development of Startups in the World Economy.” The Problems of Economy 3:25–30.
https://doi.org/10.32983/2222-0712-2023-3-25-30

Section: World economy and international relations

UDC 338.342.4

Abstract:
The purpose of the article is to conduct a comparative analysis of the trends in the development of startups, taking account of world practices and the possibility of their implementation in Ukraine. The impact of Industries 4.0, 5.0 on ensuring the high-tech development of national economic systems is substantiated and the need to implement startups as the basis for the formation of innovative entrepreneurship is emphasized. Changes in global financing of startups are analyzed, a decrease in the number and value of deals on the financing of startups and fluctuations in the financing due to the phased development of startups are revealed. The following reasons for the decrease in the financing are identified: a slight rise in investment in the early stages of the development of startups and a fall in the level of global financing of startups due to the unattractive investment climate in the global economic system. The need for assessing the factors in the formation of a new ecosystem for the development of startups by country, changes in the number of registered startups is emphasized. The leaders in the development of startups in the TOP-5 countries are identified, examples of highly rated startups in specific countries are provided and the main areas of their operation are determined. The trends towards the increase in the number of dismissals of IT workers in 2023 are systematized. It is found that such dismissals have a negative impact on the technological development of sectors and decrease the attractiveness of startups in innovative entrepreneurship. The global structure of startups by fields of activity and changes during 2022-2023 are analyzed, reductions in such industries as social networks and leisure, e-commerce and retail are detected. The main global trends in the development of startups and influencing factors in the development of startups are determined. It is concluded that in the conditions of global transformations there are negative changes in the development strategies of startups, the priority areas are the planning and improvement of business models, and not the growth strategies within the framework of increasing the profitability of foreign companies.

Keywords: startups, innovations, technological development, high-tech production, research and development (R&D), innovative entrepreneurship, world economy.

Fig.: 2. Tabl.: 1. Bibl.: 15.

Trofymenko Olena O. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Cybernetics, National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» (37 Beresteiskyi Ave., Kyiv, 03056, Ukraine)
Email: o.o.trofymenko@gmail.com
Ilyash Olha I. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Cybernetics, National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» (37 Beresteiskyi Ave., Kyiv, 03056, Ukraine)
Email: oliai@meta.ua

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