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The Impact of Globalisation on Small and Medium Enterprises: The Romanian Experience

Mihaela Gabriela Belu, Ioan Popa () and Radu Filip

Romanian Economic Journal, 2018, vol. 21, issue 70, 42-51

Abstract: The internationalization- as a process which evolves over time, on a world scale- has, as a premise, objectives due to the overall development of the business environment under the influence of a complex interplay of technological, economic, political and cultural factors. The globalisation represents a higher stage of the historical process of the internationalization, evolving under the conditions of the international affirmation of the economic agents -firms, states, economic entities – and of some supported regional integration processes. A thesis which is widely shared posits the idea that the globalisation is vigorously promoted and those who take advantage first are the great corporates, before the transnational companies. In this work, we try to identify the effects of the globalisation – in fact of what we might call the triple revolution with impact upon the global economy – upon the Small and Medium-Sized Enterprises, and the way in which the SMEs have adapted to the current challenges.

Keywords: globalisation; SME; Internalization of SMEs (search for similar items in EconPapers)
JEL-codes: F23 F60 L21 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:rej:journl:v:21:y:2018:i:70:p:42-51