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The Role of SMEs in Modern Economy

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Author(s): Ludovica Ioana SAVLOVSCHI | Nicoleta Raluca ROBU

Journal: Economia : Seria Management
ISSN 1454-0320

Volume: 14;
Issue: 1;
Start page: 277;
Date: 2011;
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Keywords: small and medium enterprises | economic development | jobs

ABSTRACT
The worldwide experience proves the special role and the importance of small and medium enterprises within the national economies. After the ascension of the last three decades, it is thought that the small and medium enterprises will be in the next period the main vector of the economic progress, both in the developed countries and the ones in transition. On the one hand, the attributes of small and medium enterprises situates this type of organization in the foreground of economic development. On the other hand, the coordinates defining the new configuration of the world economy are favourable to the expansion of the small and medium sector.

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