The role of entrepreneurship in the world economy is perhaps more
important now than at any time in the 20th century. This book
analyzes the relative importance of small firms in industrial
economies. It brings together a series of studies spanning a
spectrum of selected countries in developed Western nations and
Eastern Europe to identify the exact role of small firms and how
this role has evolved over the last 15 years. A striking result
which emerges is that a distinct and consistent shift away from
large firms and towards small enterprises has occurred within the
manufacturing sector of all western countries, while the role of
small firms in Eastern European nations has been remarkably
restricted, and, indeed, all these countries have experienced a
shift away from small firms. It is clear from this analysis that a
major challenge for political and economic reform in Central and
Eastern Europe is to create the strong entrepreneurial sector which
exists in the West.
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