Can SMEs in developing countries resist crisis? An analysis on Turkish and Albanian cases

Abstract

SMEs have an important role in terms of their economic share in developedand developing economies, though there are different definitions of SMEamong various organizations and countries. Today, instead of giantindustries, SMEs having gained importance in the developing economies,become advantageous being economic enterprises having the capability ofquick adjudication, working with less capital but more intense labor andhaving low cost of management and thus having cheap production. In short,the concept of small is beautiful becomes important in the current economic conjuncture with giant firms.In this context, SME definition and SME's role in Turkish and Albanianeconomies will be dealt with. It will be also questioned whether SMEs indeveloping countries resist crisis or not.