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Entrepreneurship in Turkey and other Balkan countries: are there opportunities for mutual co-operation through internationalisation?

Erol Tekin (Faculty of Economics and Administrative Sciences, Kastamonu Universitesi, Kastamonu, Turkey)
Veland Ramadani (Faculty of Business and Management, South East European University, Tetovo, North Macedonia)
Leo-Paul Dana (Faculty of Management, Dalhousie University, Halifax, Canada)

Review of International Business and Strategy

ISSN: 2059-6014

Article publication date: 29 January 2021

Issue publication date: 17 May 2021




The aim of this study is to evaluate the entrepreneurship activity in Turkey and the Balkan countries and to show in which fields they can cooperate in the future.


Document analysis was used in the research. In this context, taking into consideration the Global Entrepreneurship Index data published in 2019, the entrepreneurial potentials of Balkan countries, its current status was examined. Therefore, Turkey’s contribution to the development of entrepreneurial activities in the Balkan countries is shown in the study.


The results of the research show that entrepreneurship activities in the Balkan countries are not at the expected levels. In addition, it is determined that Turkey is in a central position in the Balkan’s entrepreneurship ecosystem in subjects such as especially, product innovation, risk capital, the ability of entrepreneurial start-up and its enterprises show high growth. Other Balkan countries may cooperate with Turkey about the production of technological products and technology transfer issues. Partner incubation programs can be formed. Training activities related to the entrepreneurship ecosystem can be organised together.


To the best of the authors’ knowledge, this paper is one of the first study that addresses the current situation of Balkan countries by analysing the entrepreneurship index scores of Turkey and Balkan countries (Albania, Bulgaria, Bosnia and Herzegovina, Montenegro, Romania, Croatia, Serbia, northern Macedonia, Greece and Slovenia). It also formulated suggestions on establishing cooperation with Turkey.



Tekin, E., Ramadani, V. and Dana, L.-P. (2021), "Entrepreneurship in Turkey and other Balkan countries: are there opportunities for mutual co-operation through internationalisation?", Review of International Business and Strategy, Vol. 31 No. 2, pp. 297-314.



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