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Title: Entrepreneurship, innovations and local economic development – the case of the Republic of Macedonia
Authors: Fiti, Taki 
Filipovski, Vladimir 
Antovska, Marica
Tashevska, Biljana 
Keywords: small and medium size enterprises (SMEs), entrepreneurship, innovations, investment climate, local development
Issue Date: 2014
Publisher: Macedonian Academy of Sciences and Arts: Department of Social Sciences
Source: Fiti, T., Filipovski, V., Antovska, M. and Tashevska, B. (2014) “Entrepreneurship, innovations and local economic development – the case of the Republic of Macedonia”, Contributions, Section of social sciences ¸ XLV 1, pp.73-99
Journal: Contribution, Section of social sciences
Abstract: The authors of this paper address the importance of small and medium size enterprises (SMEs), entrepreneurship and innovation for the local economic development in Macedonia. The analysis in our paper identifies the main challenges and priorities for the development of a dynamic SME sector and qualitative entrepreneurial processes in Macedonia. Such challenges and priorities can be "located" in the following areas: first, improvement of certain key segments of the investment climate and especially - abandoning the practice of involvement of politics in business, raising the quality of the local infrastructure and facilitating the access of SMEs to resources for financing their growth; second, building the capacity of the local governments for transformation; third, increasing the capacity of the business sector for introducing innovations, which present the main source of differentiation of products and services of companies compared to their competition, i.e. for enhancing the competitiveness of companies and for achieving economic profits and a more dynamic growth.
Appears in Collections:Faculty of Economics 03: Journal Articles / Статии во научни списанија

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