MICROCREDIT FINANCIAL INSTITUTIONS IN THE FUNCTION OF ENTREPRENEURSHIP DEVELOPMENT
High unemployment rate, low competitiveness level, high level of foreign debt and low GDP per capita are all basic indicators of (un)developed economy in Serbia, present throughout the period of transition. Since large economic systems, especially in industry and agriculture, have been complet...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Applied Management, Economics and Finance – MEF, Belgrade, University Business Academy in Novi Sad
2018-04-01
|
| Series: | Journal of Process Management and New Technologies |
| Subjects: | |
| Online Access: | http://www.japmnt.com/images/Volume6/issue-2/8.%20MICROCREDIT%20FINANCIAL%20INSTITUTIONS%20IN%20THE%20FUNCTION%20OF%20%20ENTREPRENEURSHIP%20DEVELOPMENT.pdf |
| Summary: | High unemployment rate, low
competitiveness level, high level of foreign debt
and low GDP per capita are all basic indicators of
(un)developed economy in Serbia, present
throughout the period of transition. Since large
economic systems, especially in industry and
agriculture, have been completely devastated in the
transitional period, entrepreneurship model is
imposed as the most efficient type of economic
development and connection to the developed
countries. One of the greatest obstacles to
successful entrepreneurship development in Serbia
is funding conditions dominated by the banking
sector, and the rest of the funding types appropriate
for the entrepreneurs' true needs are largely
neglected. The creation of adequate legislation for
microcredit institution development that would
primarily finance entrepreneurship and family
business development would have a significant
positive effect on the development of this sector. |
|---|---|
| ISSN: | 2334-735X 2334-7449 |