Boskov, Tatjana and Kokaroski, Dimko (2014) SME development and FDI: oportunity or necesity. In: SMEs Development and Innovation: Building competitive future of South-Eastern Europe, VIII International Conference, 03-04 Oct 2014, Ohrid, Macedonia.
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Abstract
SMEs play an important role in economic growth and development. In this way,
globalization and trade liberalization have ushered in new opportunities as well as
challenges for SMEs. Only a small part of the SME sector is able to identify and exploit these
opportunities and deal with the challenges. The majority of SMEs in developing and
transition countries, has been less able or unable to exploit the benefits of globalization and,
to add to the situation, are frequently under pressure on the local or domestic markets from
cheaper imports and foreign competition.
Many transition and developing countries, in particular face a need to promote and
strengthen the long term development of the SME sector, which requires access to market
opportunities, as well as to new technology and management know-how, often in a situation
of considerable resource scarcity.
This paper aims to focus on contribution for developing the strategies that could help to
strengthen the SME sector. From one side it could be done through their promoting of
integration into, and potential benefits from external markets. Implementation of the
strategies should increase the attractiveness of the transition and developing countries for
foreign investors which will improve the capacity of the SME sector. From the other side, the
policies will strengthen the benefits from FDI to local economies trough facilitation of SME
trade and capacity building of local SMEs to use the opportunities from the external markets.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Tatjana Boskov |
| Date Deposited: | 21 Nov 2014 15:21 |
| Last Modified: | 21 Nov 2014 15:21 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/11392 |
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