DEVELOPMENT OF SMEs SECTOR IN THE WESTERN BALKAN COUNTRIES
The shortage of large markets caused further fragmentation of markets to which SMEs entered successfully with their innovative and entrepreneurial abilities. The large enterprises faced stagnations, while the small and medium (SMEs) enterprises experienced a real economic boom. The fact is that, due to their features, SMEs are finding profitable business in the quickest way, organizing the necessary activities, making their profit and taking into account the experience of the countries, which were in transition from the economic undevelopment phase to the middle development phase. That means that the most rational solution of the problem with which the Western Balkan Countries are faced is to provide organized support for establishing and development of SMEs which will be in private ownership. Through this work the authors are trying to indicate the possibilities and ways of SMEs development in the Western Balkan Countries, recalling the experience of the other countries in which the economic growth is mainly the results of the development of SMEs.