Theoretical and Applied Economics
No. 4 / 2011 (557)
The Global Economic Crisis. Challenges for SMEs in Romania
Bucharest Academy of Economic Studies
Abstract. The economy of the European Union (EU) has left behind the downturn and is gradually recovering. In 2010, both the EU and the Eurozone posted economic growth, mostly because Germany did better than expected. All considered, the German economy is growing at a faster pace than in the last two decades. Recession, however, has persisted in states like Greece, Romania and Latvia, and analysts expect growth rates, especially in Eastern Europe, to remain low in the next period. Recovery in this part of Europe largely depends on a pickup in the activity of small and medium-sized enterprises (SMEs), which were seriously affected by the credit crunch the economic crisis entailed. The adverse impact on most SMEs causes a decline in the development rate and a rise in the number of bankruptcies. But the growth of the German economy, however, has a beneficial effect on companies in Central and East European states as well.
Contents
Linear, Step by Step Managerial Performance, versus Exponential Performance
Exploratory Study Regarding the Commercial Credit Policy of Romanian Companies
A Critical Examination of Foreign Aid Policy. Why it Fails to Eradicate Poverty?
Does Corporate Governance Impact Risk Management System?
Quality Management and the Reform of Public Administration in Several States in South-Eastern Europe. Comparative Analysis
Transfer Pricing in the European Union
The Relationship between Gender Type in Mentorship and Mentees’ Advancement: An Empirical Study in Malaysia
The Global Economic Crisis. Challenges for SMEs in Romania
Formal Institutions and Regional Development. Considerations Regarding Romania
Tourism Heritage – An Important Dimension for Assessing|Shaping a City’s Image. Study Case: Bucharest