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Job Creation and Poverty Alleviation in Selected CEE Countries by Microcrediting

Author

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  • Antal Szabó

    () (ERENET)

Abstract

The Paper highlights the problems of the European economic crises relating youth unemployment and poverty. It draws attention to the EU Greek Presidency relation these issues. It presents the financial means calls microfinancing which partially could contribute to alleviation and poverty by creation of self-employment and development of microenterprises by providing microloans and microcredits. There is a lack of comprehensive study and exchange of practice in microfinancing in the Central-Eastern European - CEE - countries. The paper summarizes the definition of the microcrediting and presents the currents state-of-the art in the EU. Following this the Author summarizes the main microfinance institutions in selected CEE countries (CR, CZ, HU, PL, RO, SI and SK). RS is left out this study due to lack of government’s recognition of the microfinance. In the final session the Author gives professional recommendations and a directive on good conduct of microfinancing based on the outcome of the Workshop held in 2013 in Budapest, as well as summarizes recommendations for these countries to further steps.

Suggested Citation

  • Antal Szabó, 2014. "Job Creation and Poverty Alleviation in Selected CEE Countries by Microcrediting," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2014),, Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:meb014:9-40
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    More about this item

    Keywords

    youth unemployment; poverty alleviation; job creation; microfinance; microfinance institutions; good conduct of microfinance JEL classification: L21; L26; L31; O52;

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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