Advances in Economics and Business Vol. 4(9), pp. 506 - 513
DOI: 10.13189/aeb.2016.040905
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Clustering of Small Businesses - New Opportunities to Improve the Competitiveness of Latvia


Svetlana Stradinya 1,*, L. Beinerte 2
1 Baltic International Academy, Latvia
2 Baltic International Academy, Faculty of Regional Economy, Latvia

ABSTRACT

The article presents the study of life span of small and medium business in Latvia. Investments that come from EU funds show little help for little and microbusinesses. Private business can't withstand the market forces, changing economic and political realities. To survive, he must embark on way of clustering, which is adaptable and resistant to change. The process of clustering is shown of small and medium-sized businesses, the existing problems and the need of support from the state.

KEYWORDS
Small and Medium Businesses, Clustering Process, Innovation Clusters, Public Policy

Cite this paper
Svetlana Stradinya , L. Beinerte . "Clustering of Small Businesses - New Opportunities to Improve the Competitiveness of Latvia." Advances in Economics and Business 4.9 (2016) 506 - 513. doi: 10.13189/aeb.2016.040905.