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The Impact of Globalisation on Small and Medium Enterprises: The Romanian Experience

Author

Listed:
  • Mihaela Gabriela Belu
  • Ioan Popa
  • Radu Filip

Abstract

The internationalization- as a process which evolves over time, on a world scale- has, as a premise, objectives due to the overall development of the business environment under the influence of a complex interplay of technological, economic, political and cultural factors. The globalisation represents a higher stage of the historical process of the internationalization, evolving under the conditions of the international affirmation of the economic agents -firms, states, economic entities – and of some supported regional integration processes. A thesis which is widely shared posits the idea that the globalisation is vigorously promoted and those who take advantage first are the great corporates, before the transnational companies. In this work, we try to identify the effects of the globalisation – in fact of what we might call the triple revolution with impact upon the global economy – upon the Small and Medium-Sized Enterprises, and the way in which the SMEs have adapted to the current challenges.

Suggested Citation

  • Mihaela Gabriela Belu & Ioan Popa & Radu Filip, 2018. "The Impact of Globalisation on Small and Medium Enterprises: The Romanian Experience," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 21(70), pages 42-51, December.
    • Handle: RePEc:rej:journl:v:21:y:2018:i:70:p:42-51
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    References listed on IDEAS

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    1. Richard W Wright & David A Ricks, 1994. "Trends in International Business Research: Twenty-Five Years Later," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 25(4), pages 687-701, December.
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    Cited by:

    1. Ștefan Cristian Gherghina & Mihai Alexandru Botezatu & Alexandra Hosszu & Liliana Nicoleta Simionescu, 2020. "Small and Medium-Sized Enterprises (SMEs): The Engine of Economic Growth through Investments and Innovation," Sustainability, MDPI, vol. 12(1), pages 1-22, January.

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    More about this item

    Keywords

    globalisation; SME; Internalization of SMEs;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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