Western Experience And General Questions -- Small Firms and Entrepreneurship: The Western Experience -- Private Ownership and Markets: Limits to Privatisation in the Transition Process -- Industrial Modernisation in Post-Socialist Economies: Primary Endogenous and Elites Oriented Modernisation as a Socio-Economically Oriented Strategic Concept -- Central And Eastern Europe: Country Studies -- Entrepreneurship and Innovativeness of Small and Medium-Sized Enterprises (SMEs) in Poland -- Small Businesses in Russia -- Small and Medium Sized Enterprises in Hungary -- Small and Medium Sized Enterprises in Yugoslavia: A Driving Force in the Catching-Up Process -- SME Development in the Republic of Slovenia -- Small Business and Entrepreneurship in Romania -- Selected Aspects Of Small Firms Environment And Policy -- Supporting Innovation Through Institution Building in Central and Eastern Europe: Between Visions and Realities -- Entrepreneurship, Innovation and Small Firms: A Case for Technology Centres and Science Parks in the Transition Process? -- Regional Innovation Capacities and Economic Transition: The Example of West Transdanubia -- From Old to New, from Big to Small9 - Transformation of Firm Behaviour in Declining Regions in West and East -- Possible Strategies and Policy Steps for an Innovation Oriented Modernisation -- Summary And Issues For Future Research -- Summary and Outlook -- Contributors.