THE DEVELOPMENT OF ROMANIAN SMEs SINCE THE BEGINNING OF THE 20TH CENTURY

Monica Coros ()

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, 2012

Abstract: An indicator for a nation’s and its people’s wealth is provided by the dimensions of its middle-class. As SMEs constitute the spinal bone of the modern economic system, this paper’s purpose is to present the development of the Romanian SMEs throughout the 20th Century: from the flourishing times before the Second World War, during the darkness and gloominess of the communist ruling, to the times of change and transition, respectively to today’s world economic crisis. The main purpose of this analysis is to try to aim at pointing out the links established among a friendly political environment, a healthy economic system, a set of strong and clear ethic values of the managers and the well-being of the people. It becomes clear that there can be identified a strong connection between the willingness of managers and entrepreneurs to assume responsibilities and the dimension of private property. The main assumption of this paper is that the half-century of communist ruling has managed to sweep away the sense of responsibility that is driven by private proprietorship and which is essential for the development of the business environment.

Keywords: SMEs; development; 20th Century; sense of responsibility; private proprietorship; Romania. (search for similar items in EconPapers)
JEL-codes: L26 M10 P31 R12 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_1_2012.pdf Revised version, 2011 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bbn:journl:2012_1_6_coros

Access Statistics for this article

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA is currently edited by Cornelia Pop

More articles in JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA from Babes-Bolyai University, Faculty of Business Contact information at EDIRC.
Bibliographic data for series maintained by Cornelia Pop ( this e-mail address is bad, please contact ).