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The Effects Of The Crisis On The Small And Medium Enterprises (Smes) And Their Need For Development In Romania


  • Lucia-Ramona POPA

    (“Constantin Brâncoveanu” University, Romania)


The small and medium enterprises (SMEs) have a substantial contribution to the gross domestic product (GDP), to the creation of new jobs, to the creation of the gross added value in the economy, by boosting competition on the market. In Romania, even from the beginning of the crisis, hundreds of thousands of companies have suspended their operations or were removed. Therefore, I consider it important to analyse the factors that have generated this development of the SMEs as well as the measures that have to be taken for this sector to flourish in our country.

Suggested Citation

  • Lucia-Ramona POPA, 2013. "The Effects Of The Crisis On The Small And Medium Enterprises (Smes) And Their Need For Development In Romania," Management Strategies Journal, Constantin Brancoveanu University, vol. 20(2), pages 24-30.
  • Handle: RePEc:brc:journl:v:20:y:2013:i:2:p:24-30

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    References listed on IDEAS

    1. Altinok, Nadir & Murseli, Hatidje, 2007. "International database on human capital quality," Economics Letters, Elsevier, vol. 96(2), pages 237-244, August.
    2. Thomas Bolli & Mathias Zurlinden, 2012. "Measurement of labour quality growth caused by unobservable characteristics," Applied Economics, Taylor & Francis Journals, vol. 44(18), pages 2297-2308, June.
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    More about this item


    supporting small and medium enterprises (SMEs); efficiency; competitiveness;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General


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