The impact of sme in easing of the effects of global crisis in countires in transitation

Abstract

Global crisis has had and still has impact all over the world whereby even countries in transition were not 
immune to this crisis and other financial crisis that may happen in the global level. With this paper, we shall 
analyze how countries in transition with possible measures towards strengthening small and medium enterprises 
in order to decrease the effect and impact of this crisis and other chain crisis while undertaking measures with 
direct influence in decreasing unemployment, increase competitiveness of these enterprises, utilize comparative 
advantages and increase cooperation of these enterprises not only with enterprises in their countries, but also 
abroad. Analyzing and comparing the sectors of countries in transition that can face sectors of other countries 
shall constitute a significant portion of the paper whereby obtaining information from sectors that managed to 
successfully overcome effects of such situations. Empirical evidence from this analysis is discussed, conclusions 
are derived and the recommendations of the paper are provided.