By Jovo Ateljević, Jelena Trivić
This ebook contributes to a greater figuring out of entrepreneurship in transition economies. present literature displays the extra conventional colleges of suggestion on entrepreneurship, that are motivated by means of the Western standpoint, and fail to completely deal with the state of affairs in transition economies. there's a extensive consensus between lecturers, coverage makers, and practitioners primary explanation for problems skilled through such a lot economies in transition has been the truth that reform has now not been followed via the production of latest, inner most companies, and especially SMEs. this is often specifically obvious in states created in Europe after the dissolution of the Soviet Union the place many obstacles, which have been inherited from the outdated approach, stay in position, therefore inhibiting entrepreneurial development in those international locations regardless of a positive political and financial atmosphere. The contributions featured during this booklet concentrate on how a lot growth has been accomplished to date with reference to those points, in addition to determine which present limitations and concerns nonetheless have to be resolved. subject matters contain innovation functionality, financing, enterprise capital, academic elements, and entrepreneurial studying.
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This e-book contributes to a greater figuring out of entrepreneurship in transition economies. present literature displays the extra conventional faculties of inspiration on entrepreneurship, that are inspired through the Western viewpoint, and fail to completely deal with the situation in transition economies. there's a huge consensus between teachers, coverage makers, and practitioners basic explanation for problems skilled by means of such a lot economies in transition has been the truth that reform has now not been followed via the construction of latest, deepest companies, and especially SMEs.
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Additional info for Economic Development and Entrepreneurship in Transition Economies : Issues, Obstacles and Perspectives
29 and cynical and overwhelmingly do not consider themselves healthy. Keeping order in a society is considered highly important in restrained nations. Despite the impression that economic development should influence those perceptions, it is valuable to note that citizens of former Soviet Union, same as Bulgaria and Romania, experienced significant growth rates in their transition period but did not change their attitudes (associated with IVR) yet (Hofstede et al. 2010, Chap. 8). , are considered to be restrained societies (Appendix).
Dixit, A. K. (2004). Lawlessness and economics. Princeton, NJ: Princeton University Press. Dixit, A. K. (2009). Governance institutions and economic activity. American Economic Review, 99(1), 5–24. , & Ramalho, R. M. (2006). Regulation and growth. Economics Letters, 92(3), 395–401. Doing Business. (2012). Official website. doingbusiness. org/span Easterly, W. (2008). Institutions: Top down or bottom up? American Economic Review, 98(2), 95–99. Is Culture an Underpinning or Undermining Factor in the Business Environment.
Sc. com B. Sc. d. com © Springer International Publishing Switzerland 2016 J. Ateljevic´, J. 1007/978-3-319-28856-7_3 39 40 Z. Lukic´ et al. pp. 19–49)]. Furthermore, it can be noted that there are no sufficiently constructed and trained institutions for business sector support in the RS [Petkovic´ and Novarlic´ (Acta Economica 10(17):53–82, 2012)]. The above-mentioned obstacles influence the level of activity in companies, and thus aggravate business and increase business risk. The complex empirical research displayed in this chapter aims to point at key external elements, which could promote a stronger-business environment in RS.
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