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This book seeks to analyze how small and medium businesses react to
the economic and financial crisis. Its focus is on the activities
and strategies of SMEs in the areas of innovation, R&D
investment, labor markets and finance. The book takes an
international perspective and includes both comparative and
national analyses and policies, with authors representing acdemia
and international institutions such as the ECB, OECD, Kauffman
Foundation, Federal Reserve, and US Small Business Administration.
Is small still beautiful? The recent economic and financial crisis
has shown that developed countries in which firms are smaller
suffered the biggest GDP plunges. Today, economic growth depends
more than in the past on sound and well-organized firms, which
means more innovation, a better educated labor force, higher
likelihood of access to financial resources and efficient
investments. This does not mean the end of small-sized firms, but
that they need to be different from the way they were in the past.
This book provides an international perspective on analyses and
policy recommendations for how small businesses can reinforce their
role in modern economies.
Is small still beautiful? The recent economic and financial crisis
has shown that developed countries in which firms are smaller
suffered the biggest GDP plunges. Today, economic growth depends
more than in the past on sound and well-organized firms, which
means more innovation, a better educated labor force, higher
likelihood of access to financial resources and efficient
investments. This does not mean the end of small-sized firms, but
that they need to be different from the way they were in the past.
This book provides an international perspective on analyses and
policy recommendations for how small businesses can reinforce their
role in modern economies.
This book seeks to analyze how small and medium businesses react to
the economic and financial crisis. Its focus is on the activities
and strategies of SMEs in the areas of innovation, R&D
investment, labor markets and finance. The book takes an
international perspective and includes both comparative and
national analyses and policies, with authors representing acdemia
and international institutions such as the ECB, OECD, Kauffman
Foundation, Federal Reserve, and US Small Business Administration.
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