Internationalization of SMES - a solution to overcome the current economic crisis
There is a close link between economic performance and increasing internationalization of SMEs. International activities increase competitiveness and ensure long-term development of enterprises. However, European SMEs still depend largely on their internal markets, notwithstanding the opportunities created to the single market and globalization in general. A study realized in 2009 by the European Commission reveals that internationalization creates more jobs: SMEs active in foreign markets reported an increase in employment by 7% compared to only 1% free activities for SMEs international. Internationalized SMEs are more innovative: 26% of SMEs have introduced internationally active products or services that were new to the sector in their country of origin.
Year of publication: |
2010
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Authors: | BORCOŞI, Corina Ana ; STĂNCUŢ, Anca |
Published in: |
Annals - Economy Series. - Facultatea de Ştiinţe Economice şi Gestiunea Afacerilor, ISSN 1844-7007. - Vol. 4.II.2010, December, p. 47-54
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Publisher: |
Facultatea de Ştiinţe Economice şi Gestiunea Afacerilor |
Subject: | economics | globalization | internationalization | economic crisis | SMEs |
Saved in:
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