Small Businesses Trickling Up in Central and Eastern Europe
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A01=Galen Spencer Hull
Author_Galen Spencer Hull
Balcerowicz Plan
Business Central Europe
Business Excellence
Category=KC
Category=KJ
Cee Country
czech
Eastern European Region
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
european
Inflation Rate Consumer Price Index
medium
Micro-and Small Enterprises
NATO Membership
NATO's Partnership
phare
Polish Entrepreneurs
Prime Minister Gyula Horn
Prime Minister Meciar
Private Sector Development
privatization
program
region
republic
scale
SECI
Shock Therapy
sized
Slovak Crowns
Slovakia
Small Business Development Centers
Small Scale Privatization
SME Development
SME Growth
SME Policy
SME Sector
SME Size
UNIDO Study
Product details
- ISBN 9781138001794
- Weight: 362g
- Dimensions: 138 x 216mm
- Publication Date: 30 May 2014
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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First published in 1999. Small businesses now constitute the most dynamic element of growth in the emerging markets of the Central and Eastern European region. This book argues that the small and medium sized enterprise (SME) sector has contributed more to the growth of these countries in transition than have privatized state enterprises and the public sector. In 1989 most of the countries of Eastern and Central Europe were still under an economic system dominated by state-owned enterprises. Since then a process of liberalization has been unleashed to promote free market policies. This has involved programs of privatization and restructuring of public enterprises, as well as the promotion of policies to enable a private sector to develop. Small businesses are creating thousands of new jobs while large companies are "retrenching and downsizing" their work force.
In some countries of the region this process is much further along than in others. However, the SME sector has developed at a more rapid pace than has the privatization of the large public companies. There has been a flurry of new enterprises springing up throughout the region which are "trickling up" in a frequently hostile environment against tremendous odds, and yet managing to have a pronounced impact on their respective economies. Small businesses have taken over in sectors that used to be dominated by big enterprises, primarily in services and consumer products. They have provided a crucial outlet for pent-up entrepreneurial talent that had remained dormant during the long period of state domination.
This work urges legislators, policy-makers, and development agencies alike to take account of the importance of the SME's in their legislation and planning. Given a more favorable environment, these small businesses will provide even greater impetus for economic growth. Equally important is for entrepreneurs themselves to be convinced of the rightness of their path in societies that have traditionally looked down upon profit-seekers as unscrupulous and selfish. If the CEE region is to achieve its full potential of economic growth, policies and support mechanisms to promote the SME sector will be needed to assure a favorable environment.
Galen Spencer Hull
