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Internationalization of SMES - a solution to overcome the current economic crisis

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  • Corina Ana BORCOŞI

    (SC Koncord Trans SRL)

  • Anca STĂNCUŢ

    (University of Craiova)

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    Abstract

    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.

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    Bibliographic Info

    Article provided by Constantin Brancusi University, Faculty of Economics in its journal Constatin Brancusi University of Targu Jiu Annals - Economy Series.

    Volume (Year): 4.II (2010)
    Issue (Month): (December)
    Pages: 47-54

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    Handle: RePEc:cbu:jrnlec:y:2010:v:4.ii:p:47-54

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    Keywords: economics; globalization; internationalization; economic crisis; SMEs;

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