Small and medium size enterprises and local Productive Systems: The Italian Experience and Hungary
AbstractThe paper proposes an institutional-systemic analysis of small and medium-size enterprises (SME) and of local productive systems in Italy and Hungary. The analysis is based on four fundamental variables: the environment, the economic system, policies, and subjective factors. After defining the basic features of the variables and their interrelations, the paper examines the Italian experience as an often-quoted model for transition countries. Then presents the main features of SMEs development of dynamic local in Hungary since transition. A comparison is proposed between the two countries based on the four variables. It is concluded that chances are good in Hungary for a crucial role of SMEs and for the development of dynamic local productive systems. However, proper policies are needed. Very weak chances exist for the development of Italian-style industrial districts.
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Bibliographic InfoPaper provided by Institute of Economic Research, Hitotsubashi University in its series Discussion Paper Series with number a384.
Date of creation: Dec 1999
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