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New financial dimensions of the smes’ internationalization


  • Laura Giurca Vasilescu
  • Sorina Garboveanu
  • Daniel Goagara

    (University of Craiova, Faculty of Economics and Business Administration, Romania)


Globalization has brought a shift to the economic environment of the European SME. The progressively disappearing barriers and borders are exposing all companies both to new markets and to international competition. Consequently SMEs that do not consider internationalisation are self imposing a severe restriction on their potential for long term survival. Internationalisation is not to be considered as a separate part of the company or a strategy to be enacted only in times of reduced local demand, but fully integrated into the SME’s long term activity, been proven as a key engines for competitiveness and growth.

Suggested Citation

  • Laura Giurca Vasilescu & Sorina Garboveanu & Daniel Goagara, 2008. "New financial dimensions of the smes’ internationalization," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 13-24, November.
  • Handle: RePEc:aio:rteyej:v:1:y:2008:i:11:p:13-24

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    References listed on IDEAS

    1. Frederic S. Mishkin & Adam S. Posen, 1997. "Inflation targeting: lessons from four countries," Economic Policy Review, Federal Reserve Bank of New York, issue Aug, pages 9-110.
    2. H.M.M. Peeters, 1999. "Achieving price stability in the euro zone: Monetary or inflation targeting ?," WO Research Memoranda (discontinued) 589, Netherlands Central Bank, Research Department.
    3. Peter F. Christoffersen & Robert F. Westcott, 1999. "Is Poland Ready for Inflation Targeting?," IMF Working Papers 99/41, International Monetary Fund.
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    More about this item


    SMEs; internationalization; drivers; limits; financing; strategy;

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration


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