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SMEs Development in Contemporary Economy

Author

Listed:
  • Vladimir-Codrin Ionescu

    (Faculty of Administration and Business, University of Bucharest, Romania)

  • Cristina Bolcas

    (Faculty of Administration and Business, University of Bucharest, Romania)

Abstract

The paper approaches important issues on the small and medium enterprises sector as a vector of economic development in the contemporary period. It presents the SMEs delimitation criteria in the microeconomic landscape used in the European Union, USA and Japan. It also highlights the preoccupations manifested at European and world level in terms of promoting entrepreneurship activities, materialized in organizing summits and major events dedicated to small and medium enterprises, as well as in the operationalization of funding programs for them. The last part of this paper reflects issues related to the support SMEs receive at institutional level, emphasizing areas of assistance, support programs and services that various institutions and bodies offer to develop the small and medium sector.

Suggested Citation

  • Vladimir-Codrin Ionescu & Cristina Bolcas, 2016. "SMEs Development in Contemporary Economy," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 23(1), pages 30-37, May.
    • Handle: RePEc:but:manage:v:23:y:2016:i:1:p:30-37
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