The influence of government and municipal authorities on the corporate sector

Abstract

This article examines the role of public authorities in the development of the private sector. The author emphasizes the idea that the state's participation in the business area development must be regulating. So the corporate sector develops more dynamically and may solve issues within the sphere of state competence. The author summarizes the experience of developed countries to promote the business, identifies the most efficient and promising form. The author sees the main focus in enhancing the role of government in the development of the business sphere in the creation of the institutional environment. Also the article explains the role of municipalities in business development, represent the most significant obstacles to the expansion of the role. Also the article explains the role of municipalities in business development, represent the most important problems of interaction between them.