Internationalization from the European Fringe: the Experience of SMEs

Heikki Eskelinen and Leif Lindmark
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Heikki Eskelinen: University of Joensuu
Leif Lindmark: Umeå University

Chapter Chapter 11 in Competitive European Peripheries, 1995, pp 205-233 from Springer

Abstract: Abstract In the Nordic countries, as in many other countries, economies of scale was the leading economic principle in the 1960s. In Sweden and Finland in particular it was the decade of large firms. Then came the 1970s with economic crises. Firms in several industrial sectors were badly hit by changes in the economic climate. Mainly it was large rather than small firms that had problems. A result of the crises faced by large firms was a growing political interest in small and medium-sized enterprises (SMEs) and entrepreneurship. The formation of new firms increased as did the number of people working in SMEs. Thus the 1980s can be labelled the decade of SMEs.

Keywords: Small Firm; Large Firm; Nordic Country; External Resource; Industrial District (search for similar items in EconPapers)
Date: 1995
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DOI: 10.1007/978-3-642-79955-6_11

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