Small and medium enterprises (SMEs) are the backbone of Western Balkan economies but until recently received relatively little attention from policy makers. Governments focused on consolidating macroeconomic stabilisation and the restructuring and privatisation of large companies. The adoption...

What are the problems faced by SMEs in OECD countries and developing and transition economies in today’s globalising world? What are the framework conditions that influence SMEs’ incentives and capacities to innovate? What is the optimal role of public policy in consolidating and developing...

Ten years into the transition, newly emerging private enterprises in transition economies, usually described as small and medium-sized enterprises (SMEs) in the international context, have come to play an increasingly important role as the driving engines of economic growth and employment...