Munich Personal RePEc Archive

Romanian SME’s sector trough crisis: the effectiveness of government policies and the present situation

Visinescu, Sorin and Micuda, Dan (2011): Romanian SME’s sector trough crisis: the effectiveness of government policies and the present situation. Forthcoming in:

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Abstract

SMEs play a crucial role in modern societies; being regarded as the foundation of a global competitive economy. Entire economic concepts evolved based on the SMEs sector evolution like entrepreneurship, innovation, competitiveness, etc. The current paper is aimed at presenting the current state and role of the SME sector in Romanian economy, in light of the challenges imposed by the global financial and economic crisis and the reaction measures taken (or not taken) by the Romanian authorities.

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