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Comparative Analysis of Supporting Small and Medium Enterprises for Enhancing Created Added Value in the EU and China

Author

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  • Eva Cihelková

    (University of Economics, Prague)

  • Irina Platonova

    (Moscow State Institete of International Relations (MGIMO-University) Ministry of Foreign Affairs)

  • Yelena Frolova

    (Ural Federal University named after the first President of Russia B. N. Yeltsin)

Abstract

Considering that Small and Medium Enterprises (SMEs) play a significant role in the economy of country and taking into account the changes in the modern world economy, we investigated the problem of increasing the SMEs’ contribution into national economy by using new opportunities of business environment. The problem can be solved through the participation of SMEs in the links of the global value chain with high added value. However, it is necessary to find new instruments for SMEs’ support. The study is aimed at discovering relevant SMEs support tools focused on increasing the added value. The research is based on content and comparative analysis of the European Union and China experience using the material from the European Commission reports, national programs of European countries and China. The research terminology and analysis algorithm were refined. The set of new tools of SMEs support is presented in the context of groups and national characteristics. In European countries non-financial tools dominate among state support forms. They include creating special niches for small enterprises in the global value chain and giving SMEs access to the national supply base. In China non-state support forms dominate with a larger share of financial tools, including the provision of resources by participants of the value chains within regional integration associations, by financial units of large companies. The research results are addressed to the representatives of SMEs, large companies, public authorities.

Suggested Citation

  • Eva Cihelková & Irina Platonova & Yelena Frolova, 2019. "Comparative Analysis of Supporting Small and Medium Enterprises for Enhancing Created Added Value in the EU and China," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 256-269.
    • Handle: RePEc:ura:ecregj:v:1:y:2019:i:1:p:256-269
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    References listed on IDEAS

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    1. Tatyana Meshkova & Evgeny Moiseichev, 2016. "Foresight Applications to the Analysis of Global Value Chains," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 10(1), pages 69-82.
    2. Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2015. "Integrating SMEs into Global Value Chains: Challenges and Policy Actions in Asia," ADB Reports RPT157679-2, Asian Development Bank (ADB).
    3. Asian Development Bank Institute, 2015. "Integrating SMEs into Global Value Chains: Challenges and Policy Actions in Asia," Working Papers id:7658, eSocialSciences.
    4. Tatyana Meshkova & Evgeny Moiseichev, 2016. "Foresight Applications to the Analysis of Global Value Chains," Foresight-Russia Форсайт, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 10(1 (eng)), pages 69-82.
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