THE DEVELOPMENT OF ROMANIAN SMEs SINCE THE BEGINNING OF THE 20TH CENTURY
AbstractAn indicator for a nation’s and its people’s wealth is provided by the dimensions of its middle-class. As SMEs constitute the spinal bone of the modern economic system, this paper’s purpose is to present the development of the Romanian SMEs throughout the 20th Century: from the flourishing times before the Second World War, during the darkness and gloominess of the communist ruling, to the times of change and transition, respectively to today’s world economic crisis. The main purpose of this analysis is to try to aim at pointing out the links established among a friendly political environment, a healthy economic system, a set of strong and clear ethic values of the managers and the well-being of the people. It becomes clear that there can be identified a strong connection between the willingness of managers and entrepreneurs to assume responsibilities and the dimension of private property. The main assumption of this paper is that the half-century of communist ruling has managed to sweep away the sense of responsibility that is driven by private proprietorship and which is essential for the development of the business environment.
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Bibliographic InfoArticle provided by Babes-Bolyai University, Faculty of Business in its journal JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA.
Volume (Year): (2012)
Issue (Month): ()
SMEs; development; 20th Century; sense of responsibility; private proprietorship; Romania.;
Find related papers by JEL classification:
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General
- P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
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