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The Role of SMEs in Modern Economy

Author

Listed:
  • Ludovica Ioana SAVLOVSCHI

    () (The Bucharest Academy of Economic Studies, Romania)

  • Nicoleta Raluca ROBU

    () (The Bucharest Academy of Economic Studies, Romania)

Abstract

The worldwide experience proves the special role and the importance of small and medium enterprises within the national economies. After the ascension of the last three decades, it is thought that the small and medium enterprises will be in the next period the main vector of the economic progress, both in the developed countries and the ones in transition. On the one hand, the attributes of small and medium enterprises situates this type of organization in the foreground of economic development. On the other hand, the coordinates defining the new configuration of the world economy are favourable to the expansion of the small and medium sector

Suggested Citation

  • Ludovica Ioana SAVLOVSCHI & Nicoleta Raluca ROBU, 2011. "The Role of SMEs in Modern Economy," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 277-281, June.
  • Handle: RePEc:rom:econmn:v:14:y:2011:i:1:p:277-281
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    File URL: http://www.management.ase.ro/reveconomia/2011-1/25.pdf
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    References listed on IDEAS

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    1. Alam, Shaista & Fatima, Ambreen & Butt, Muhammad S., 2007. "Sustainable development in Pakistan in the context of energy consumption demand and environmental degradation," Journal of Asian Economics, Elsevier, vol. 18(5), pages 825-837, October.
    2. Tamazian, Artur & Chousa, Juan Piñeiro & Vadlamannati, Krishna Chaitanya, 2009. "Does higher economic and financial development lead to environmental degradation: Evidence from BRIC countries," Energy Policy, Elsevier, vol. 37(1), pages 246-253, January.
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    Cited by:

    1. Daniela Santos da Silva & António Cerqueira & Elísio Brandão, 2016. "Portuguese Startups: a success prediction model," FEP Working Papers 581, Universidade do Porto, Faculdade de Economia do Porto.

    More about this item

    Keywords

    small and medium enterprises; economic development; jobs.;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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