Internationalization of SMES - a solution to overcome the current economic crisis

Corina Ana Borcoşi and Anca Stăncuţ
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Corina Ana Borcoşi: SC Koncord Trans SRL
Anca Stăncuţ: University of Craiova

Annals - Economy Series, 2010, vol. 4.II, 47-54

Abstract: There is a close link between economic performance and increasing internationalization of SMEs. International activities increase competitiveness and ensure long-term development of enterprises. However, European SMEs still depend largely on their internal markets, notwithstanding the opportunities created to the single market and globalization in general. A study realized in 2009 by the European Commission reveals that internationalization creates more jobs: SMEs active in foreign markets reported an increase in employment by 7% compared to only 1% free activities for SMEs international. Internationalized SMEs are more innovative: 26% of SMEs have introduced internationally active products or services that were new to the sector in their country of origin.

Keywords: economics; globalization; internationalization; economic crisis; SMEs (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2010:v:4.ii:p:47-54

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