Munich Personal RePEc Archive

Facing the crisis and implementing sustainable growth of Macedonian economy by developing small and medium enterprises

Nenovski, Tome (2011): Facing the crisis and implementing sustainable growth of Macedonian economy by developing small and medium enterprises. Published in: Sustainable Regional Economic Development through SMEs (2011): pp. 132-146.

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Abstract

The positive and negative experiences of the World Economic Crisis should be used for recomposing the world’s economic map. For many countries it is a sign for changing the economic model if the country wants to keep up with the new world trends. Republic of Macedonia is one of those countries. The inherited conditions and the required development of the economy suggest the need to introduce a so called holistic approach in the creation of the future economic model. In its basis, this model deals with the macroeconomic and financial politics as well as with the process of creating new jobs. The main drivers of that model should be small and medium enterprises (SMEs). The research will show why and how SME’s should become spine of the future sustainable economic development. The expected results of implementation of such model are increase of the number of employees, export and country’s GDP.

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