Space research has generated and stimulated development in the following five ways: influence on other sciences; space technology transfer and spin-offs; rocket industry, direct use of space (communications, remote sensing, meteorology, navigation, etc.); growing interest towards education, science and creative work, increased prestige, etc. The necessity of small and developing countries to participate in space research has been recognized. Their role in international space cooperation has been pointed out. A number of problems have been presented for the small countries related to their adequate engagement in space research activities, as well as some considerations and conclusions in respect to their participation in space research, such as: creating their own ‘space specialization’, optimal choice of participation in international projects and programmes, ensurance of financing, material and technical foundation and other possibilities; active participation in COPEOS, COSPAR, IAF and other space organizations. Some possible negative features in the space activities of small countries have been shown, and a brief review is given as an example of Bulgaria's participation in space research. Some possibilities of help to small and developing countries by COSPAR and IAF are analyzed.