Local Innovations for Growth in Central and Eastern Europe
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Local Innovations for Growth in Central and Eastern Europe

Local development strategies represent an important response to the challenges of globalisation, while providing a mechanism for seizing the new opportunities that globalisation offers. Nearly two decades after the fall of the Berlin wall, this book evaluates progress made and identifies what needs to be done to speed up the drive towards prosperity in Central and Eastern Europe. It demonstrates that the success of local development strategies depends on the capacity of the government and its partners to accelerate change within the policy and governance aspects of economic and social development.
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Chapter
 

Institutions, Governance and the Development of Entrepreneurship in Central and Eastern Europe You do not have access to this content

English
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Author(s):
David Smallbone

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Although the specific policy priorities for entrepreneurship development vary between individual economies, key underlying themes are the importance of institutional development and capacity building and the development of a market-oriented system of governance, over which governments exert a key influence. In some countries an appropriate and effective institutionalisation of small business policy is still one of the main preconditions that need to be fulfilled before productive and sustained private sector development can become embedded. In others, more should be done to unleash the potential role of regional and local authorities, both in promoting entrepreneurship and in facilitating its development, in view of the fact that it is at the local level that policy and institutions touch entrepreneurs most directly.
 
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