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OECD Economic Surveys: Federal Republic of Yugoslavia 2002

image of OECD Economic Surveys: Federal Republic of Yugoslavia 2002

OECD's 2002 Economic Survey of Yugoslavia looks at the recent economic deline, macroeconomic performance and policy, small business and entrepreneurship, the enterprise sector and privatisation, and trade and competitiveness.

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Small Business and Entrepreneurship

Results from a Business Survey

New small private businesses have played an instrumental part in economic transition throughout Central and Eastern Europe. Economic restructuring has principally involved a shift of labour, capital, and other resources from large enterprises, commonly loss-making and poorly-governed, to areas of higher efficiency and competitiveness. Small private businesses have been central to this process. These businesses operate under hard budget constraints; they are obliged to meet the demands of rapidly changing market conditions, or fail. A number of studies emphasise the vital importance of small business activity in relatively successful transition economies. Small and medium sized enterprises (SMEs) remain...

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