DEVELOPMENT OF ENTREPRENEURSHIP IN BH: PROSPECTS AND LIMITATIONS, WITH SPECIAL REFERENCE TO SME SECTOR

Danijela Martinovic (), Mira Sunjic-Beus () and Jasmina Karisik ()
Additional contact information
Danijela Martinovic: School of Economics and Business, Sarajevo
Mira Sunjic-Beus: School of Economics and Business, Sarajevo
Jasmina Karisik: School of Economics and Business, Sarajevo

Economic Thought and Practice, 2012, vol. 21, issue 1, 339-362

Abstract: Small and medium enterprises (SME) are one of the key factors in the development of national economies. However, they had been neglected in the former state. Previous economic growth was based on a system of networked large companies, i.e. planned development of complementary industries. War and the disintegration of Yugoslavia have disrupted this concept and sparked a series of dilemmas regarding the course of development of national economy. There were some ideas to restructure large businesses. But, with either destroyed or technologically obsolete businesses, disappearance of development institutes, lack of skilled workforce, loss of market shares, it is obvious that the development and strengthening of SME is necessary. Strengthening and networking of small companies should result in the emergence of large and heavy manufacturing systems, similar to the pre-war ones. The aim of this paper is to investigate how the BH so far succeeded in this plan and how consistent BH economic policies were. Also, the work will give an overview of legislation, business practices and potential clustering and internationalization of small and medium enterprises.

Keywords: SMEs; clustering; internationalization; Bosnia and Herzegovina (search for similar items in EconPapers)
JEL-codes: M13 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hrcak.srce.hr/index.php/clanak/124671 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:avo:emipdu:v:21:y:2012:i:1:p:339-362

Ordering information: This journal article can be ordered from
Economic Thought and Practice, University of Dubrovnik, Branitelja Dubrovnika 29, 20000 Dubrovnik
https://emip.unidu.hr/

Access Statistics for this article

Economic Thought and Practice is currently edited by Nebojsa Stojcic

More articles in Economic Thought and Practice from Department of Economics and Business, University of Dubrovnik Contact information at EDIRC.
Bibliographic data for series maintained by Nebojsa Stojcic ().