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Since the end of the Kosovo war in 1999, increasing attention has
been paid to the problems of economic development and
reconstruction in South-East Europe. In a context of limited
resources, small and medium sized enterprises (SMEs) have a key
role to play in creating jobs and building a dynamic
entrepreneurial economy. Small Enterprise Development In South-East
Europe presents important findings from recent empirical research
on key factors, which hinder sustainable SME growth in South-East
Europe. Finance is identified as a critical barrier to growth, and
the role of commercial banks, micro-finance institutions and credit
cooperatives in assisting growth is addressed. Yet finance alone is
not enough. A rebuilding of social capital, a reduction of the
unofficial or grey economy, and the promotion of inter-firm
networks and clusters are also of vital importance in promoting
sustainable growth. The book concludes with critical analyses of
SME policies in Albania, Croatia, and Macedonia, countries which
hitherto have received little attention in the literature. Small
Enterprise Development in South-East Europe will be of great
interest to policy makers, business consultants, and academics and
post-graduate students working on economic development and
reconstruction in South-East Europe.
Since the end of the Kosovo war in 1999, increasing attention has
been paid to the problems of economic development and
reconstruction in South-East Europe. In a context of limited
resources, small and medium sized enterprises (SMEs) have a key
role to play in creating jobs and building a dynamic
entrepreneurial economy. Small Enterprise Development In South-East
Europe presents important findings from recent empirical research
on key factors, which hinder sustainable SME growth in South-East
Europe. Finance is identified as a critical barrier to growth, and
the role of commercial banks, micro-finance institutions and credit
cooperatives in assisting growth is addressed. Yet finance alone is
not enough. A rebuilding of social capital, a reduction of the
unofficial or grey economy, and the promotion of inter-firm
networks and clusters are also of vital importance in promoting
sustainable growth. The book concludes with critical analyses of
SME policies in Albania, Croatia, and Macedonia, countries which
hitherto have received little attention in the literature. Small
Enterprise Development in South-East Europe will be of great
interest to policy makers, business consultants, and academics and
post-graduate students working on economic development and
reconstruction in South-East Europe.
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