The comparative analysis of social entrepreneurship

Abstract

This paper describes the concept of social entrepreneurship and suggesting the necessary amendments to the regulations in order to fully implement this concept in the Republic of Macedonia. This paper consists of five (5) parts, that are: 1. Introduction; 2. Social entrepreneurship in Europe; 3. Social entrepreneurship in the United States and in Great Britain; 4. Legal framework and challenges for development of social entrepreneurship in the Republic of Macedonia; and 5. Conclusion.

In the first part: “Introduction”, we define and explain the subject of our research, namely we explain the concept and the importance of social entrepreneurship. In the second part: “Social entrepreneurship in Europe”, we analyze the social entrepreneurship in different countries in Europe. In the third part: “Social entrepreneurship in the United States and in Great Britain”, we analyze in detail the social entrepreneurship in the United States and in Great Britain, which have different and more specific form of social entrepreneurship. In the fourth part: “Legal framework and challenges for development of social entrepreneurship in the Republic of Macedonia” we are giving explanations of the legal framework and challenges for development of social entrepreneurship in the Republic of Macedonia, and this part of the paper provides a critical review of the Draft Law on social entrepreneurship in our country. Finally, the fifth part of this paper is the “Conclusion”, in which we are giving our basic conclusions that arise from our paper. It is our position, that almost all European countries direct their economic and social policies to the development of social entrepreneurship as one of the main generators of employment. Concerning Republic of Macedonia, it must point out the Draft Law on social entrepreneurship should be thoroughly reviewed in order to develop social entrepreneurship in the country and thus to make progress in several areas that contribute to the strategic goals of our country's EU integration process.