Small and Medium-Sized Enterprises as a Factor of Economic Development and Unemployment Reduction in Serbia Cover Image

Mala i srednja preduzeća kao faktor ekonomskog razvoja i smanjenja nezaposlenosti u Srbiji
Small and Medium-Sized Enterprises as a Factor of Economic Development and Unemployment Reduction in Serbia

Author(s): Isidora Beraha
Subject(s): Labor relations, Economic policy, Economic development, Transformation Period (1990 - 2010)
Published by: Institut za uporedno pravo
Keywords: small and medium-sized enterprises; economic growth and development; unemployment; competitiveness; dynamism; innovativeness; world financial crisis;

Summary/Abstract: Economic development of Serbia based on the existing premises is completely unsustainable. More dynamic economic growth cannot be achieved unless the government begins solving the acute economic problems, primarily meaning encouraging economic activity growth and prevailing the negative trends on the labour market, as well as cutting the budget deficit and public debt and putting forward the competitiveness of domestic products and services. Taking into consideration that in the period from the year 2000 until the year 2009, the small and medium- sized enterprises sector was the most efficient segment of the economy, as well as respecting the positive experience of developed European countries, the sector may play the leading role in the recovery and development of Serbian economy. What will the small and medium-sized enterprises’ role in fostering the development of Serbian economy be like depends primarily on the thoroughness in attempt to resolve or at least minimize the obstacles to further development of the sector, among which the following are perceived as the most important ones: insufficient competitiveness and poor quality of products, chronical illiquidity, sectoral and territorial incoherence and limited access to finance.

  • Issue Year: 2011
  • Issue No: 1
  • Page Range: 315-332
  • Page Count: 18
  • Language: Serbian