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Several post-Soviet countries benefitted from early international integration by joining the EU, adopting the euro, and becoming OECD members. This process enabled entrepreneurship to develop within institutional contexts where democratic and free market principles were strengthened. In general, however, post-Soviet economies continue to be characterized by higher levels of corruption, complex business regulations, weak rule of law, uncertain property rights and often, lack of political will for institutional change. Key findings Pros International integration such as EU membership enables member countries to enact the reforms needed for productive entrepreneurship. IT and tech sector business development offers new opportunities for increasing entrepreneurship in post-Soviet countries. Increasing numbers of productive entrepreneurs can support sustained institutional reform. The post-Soviet country diaspora has substantial potential to drive economic development, innovation and productive entrepreneurship in their home countries. Cons The Soviet legacy of negative attitudes and restrictive policies towards entrepreneurship continues to influence policy making in several post-Soviet countries. High levels of corruption undermine productive entrepreneurial development and sustainable institutional reform. Weak institutional environments stunt business growth and drive entrepreneurs to operate in the informal sector. Lack of political will and commitment limits the sustainability of programs to support entrepreneurship development. Author's main message Governments foster conducive conditions for entrepreneurs through functioning free markets and good governance. In most post-Soviet countries, these conditions are still missing. Lack of political will combined with a detrimental Soviet legacy towards entrepreneurs continues to stunt entrepreneurship development. Some post-Soviet countries have initiated policies and programs to support entrepreneurship, reduce regulatory burden and provide resources and increased access to financing. However, these interventions are rarely combined with broader institutional reform so that their benefits are often limited or short lived. Download full article (PDF) This article first appeared on IZA World of Labor in August 2023. Reproduced with permission Tweet October 27, 2023 Print Article(s) by this author Do institutions matter for entrepreneurial development?In post-Soviet countries, well-functioning institutions are needed to foster productive entrepreneurial development and growth October 27, 2023［From IZA］ Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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