CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

The experience of the industrialized countries of the world (the USA, Italy, Japan, the Great Britain, Germany, France, etc.) shows that small and medium-sized enterprises account for up to 90–95% of all companies and more than half of the total production of the gross national product. Small and medium-sized businesses in these countries are an employer for more than half of the working-age population. But in Ukraine, there are other trends that are displaced in Fig 3.3. Fig 3.3. Dynamics of small business development in Ukraine, 2013–2018 Note: developed by the authors based on (Public service) According to research results, many small enterprises in Ukraine have not started their activities due insufficient amount of necessary start-up capital, their own production facilities and the necessary equipment. Now in the Ukrainian economy there is an active process of financial capital concentration with the simultaneous establishment of management control over independent enterprises by large companies and certain monopolies. State support for the development of small and medium-sized businesses can become an effective tool to combat the shadowization of the national economy. 34,35 34,1 32,59 34,46 36,39 37,4 21,54 22 23,74 24,56 24,88 25,05 0 5 10 15 20 25 30 35 40 2013 2014 2015 2016 2017 2018 Values of indicators Years The share of employees in small businesses in the total number of employees, % The share of sales of small businesses in the total sale of businesses, % 112