Preliminary communication

ECONOMIC DEVELOPMENT CHALLENGES IN TRANSITIONAL COUNTRIES - FINANCIAL ASPECTS

Adnan Rovčanin
Jasmina Gržinić

Abstract

At the end of the 80s of the last century, the world economic scenery went through significant changes, among which we mainly think of a shortage of revolutionary discoveries, which would increase demand and establish new big markets. Countries are faced to provide organized support for the establishment and development of SMEs which will be privately owned. It would obviously increase the country's opportunities to provide for its needs from the real sources (through tax collection). Mutual interests would empower connections among the countries and among the private entrepreneurs, which, in the end, would have a positive impact on generating the economic growth and on the total development of the national economy, i.e. the economy of the region. Through this work the authors are trying to indicate the possibilities and ways of economic development in Bosnia and Herzegovina and Croatia, recalling the experience of other countries in which economic growth, and therefore the total social development, are mainly the results of the entrepreneurial culture

Keywords

Entrepreneurship; Financial Support; Transition; Economic Growth

Hrčak ID:

21455

URI

https://hrcak.srce.hr/21455

Publication date:

17.3.2008.

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