Professional paper
DEVELOPMENT OF ENTREPRENEURSHIP IN BH: PROSPECTS AND LIMITATIONS, WITH SPECIAL REFERENCE TO SME SECTOR
Danijela Martinović
orcid.org/0000-0002-6799-2265
; School of Economics and Business, Sarajevo, Bosnia and Herzegovina
Mira Šunjić-Beus
; School of Economics and Business, Sarajevo, Bosnia and Herzegovina
Jasmina Karišik
orcid.org/0000-0003-2560-3230
; School of Economics and Business, Sarajevo, Bosnia and Herzegovina
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
Hrčak ID:
83794
URI
Publication date:
29.6.2012.
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