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Davids and Goliaths: Hidden champions in an age of state capitalism

Author

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  • Bernardo Melo Pimentel

    (Forward College, NOVA SBE - NOVA - School of Business and Economics - NOVA - Universidade Nova de Lisboa = NOVA University Lisbon, ISEG - ISEG-Lisbon School of Economics and Management - ULISBOA - Universidade de Lisboa = University of Lisbon = Université de Lisbonne)

  • Guillermo Hunter Ramírez

    (ESCP Europe - Ecole Supérieure de Commerce de Paris)

Abstract

We review the state of current industrial champions debate and make the case for small, nimble Davids, rather than resource-hungry Goliaths. These export-based SMEs have shown robust performance in recent years and may help economies increase their resilience in times of significant instability. They are more autonomous than traditional champions and they are already in our midst. The challenge for policy makers is how to foster an environment that supports Davids while keeping an eye on national strategic interests.

Suggested Citation

  • Bernardo Melo Pimentel & Guillermo Hunter Ramírez, 2022. "Davids and Goliaths: Hidden champions in an age of state capitalism," Working Papers hal-03685959, HAL.
    • Handle: RePEc:hal:wpaper:hal-03685959
    Note: View the original document on HAL open archive server: https://hal.science/hal-03685959v3
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    References listed on IDEAS

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