Effects of Global Economic Crisis on Small and Medium-sized Enterprises in Serbia

Erić, Dejan and Stošić, Ivan and Vukotić-Cotič, Gordana (2010) Effects of Global Economic Crisis on Small and Medium-sized Enterprises in Serbia. In: Influence of global economic crisis on CEE region: possible way out. Technical University of Kosice, Faculty of Economics, Kosice (Slovakia), pp. 76-86. ISBN 978-80-553-0431-1

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Abstract

The aim of this paper is to show the effects of the global economic crisis on the small and medium-sized enterprise sector in Serbia. Contrary to expectations, in some aspects, the negative impact of the global economic crisis in South-East Europe, and consequently in Serbia, was much bigger than in many developed countries. Though vital and dynamic, the sector of small and medium-sized enterprises (SMEs) in Serbia suffered huge downfall, so that in this paper different ways in which crisis was manifested in this sector in Serbia would be analysed. This paper consists of the three main parts. In the introduction the importance of SMEs sector for Serbian economy is pointed out. In the second part, consequences of the crisis on Serbian economy would be analysed, and finally in the third part the impact of the global crisis on SMEs businesses would be analysed.

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