Small and Medium Enterprises in Selected SEE Countries: a Driver of Rural Development

Zubović, Jovan and Jovanović, Olivera (2019) Small and Medium Enterprises in Selected SEE Countries: a Driver of Rural Development. In: Sustainable Agriculture and Rural Development in Terms of the Republic of Serbia Strategic Goals Realization within the Danube Region : sustainability and multifunctionality. Institute of Agricultural Economics, Belgrade, pp. 353-369. ISBN 978-86-6269-067-8

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Abstract

Small and medium enterprises are an essential part of all business entities, especially regarding economic growth and regional inequalities in transition countries. Several researchers show that, over the years, the significance of SMEs is reflected not only on regional but also on rural development. The main aim of this paper is to determine the contribution of SMEs to rural development in selected SEE countries about institutional and government financial support. Regional distribution of SMEs varies across countries and primarily depends on business attractiveness, employment conditions and institutional support for proper development of rural areas. Differences between poorer and richer regions lead to disproportions in some employers in small and medium enterprises, the value of net profits and the migrations of inhabitants from devastated areas. The research results which are presented in this paper show that SMEs, especially in agribusiness, are significant for sustainable rural development in selected SEE countries. Financial support is identified as a common barrier of successful business in all sectors as well as in agriculture.

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