IMPACT OF THE FINANCIAL CRISIS ON SMALL AND MIDDLE ENTERPRISES IN ROMANIA. THE DIFFERENCES BETWEEN URBAN AND RURAL EVOLUTIONS
Economic literature recognizes the essential role of public policy firms in the economy of any country. Public policy firms are the main source of entrepreneurial skills, innovation, job creation, proving to be the most active sector of the economy and also manifesting as a driving force in Romani...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2014-11-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_023.pdf |
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| _version_ | 1849769874926075904 |
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| author | IONUT BUSEGA |
| author_facet | IONUT BUSEGA |
| author_sort | IONUT BUSEGA |
| collection | DOAJ |
| description | Economic literature recognizes the essential role of public policy firms in the economy of any
country. Public policy firms are the main source of entrepreneurial skills, innovation, job creation, proving to
be the most active sector of the economy and also manifesting as a driving force in Romania's remarkable
economic progress. Revealing the economic and social benefits led to consideration of the SME sector as an
area of strategic interest for the economy. In 2008 the financial crisis started having a large number of
negative effects in Europe, causing large adjustments to the business environment in the Member States. These
were materialized into decreased turnover of the businesses, loss of jobs and disorder in the general economic
area and social environment. The study aims to determine what were the effects felt by businesses due to lower
purchasing power in the household and whether there were mutations in the major sectors of Romanian
economy. Firstly, the influence of the effects of the financial crisis on key macroeconomic indicators and how
structural adjustment due to new macroeconomic context took place. |
| format | Article |
| id | doaj-art-68c2c60dd3414007b85a4281c9060a67 |
| institution | DOAJ |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2014-11-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-68c2c60dd3414007b85a4281c9060a672025-08-20T03:03:15ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502014-11-0122186194IMPACT OF THE FINANCIAL CRISIS ON SMALL AND MIDDLE ENTERPRISES IN ROMANIA. THE DIFFERENCES BETWEEN URBAN AND RURAL EVOLUTIONSIONUT BUSEGA0The Bucharest University of Economic StudiesEconomic literature recognizes the essential role of public policy firms in the economy of any country. Public policy firms are the main source of entrepreneurial skills, innovation, job creation, proving to be the most active sector of the economy and also manifesting as a driving force in Romania's remarkable economic progress. Revealing the economic and social benefits led to consideration of the SME sector as an area of strategic interest for the economy. In 2008 the financial crisis started having a large number of negative effects in Europe, causing large adjustments to the business environment in the Member States. These were materialized into decreased turnover of the businesses, loss of jobs and disorder in the general economic area and social environment. The study aims to determine what were the effects felt by businesses due to lower purchasing power in the household and whether there were mutations in the major sectors of Romanian economy. Firstly, the influence of the effects of the financial crisis on key macroeconomic indicators and how structural adjustment due to new macroeconomic context took place.http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_023.pdfeconomic crisiseconomic growthbusiness |
| spellingShingle | IONUT BUSEGA IMPACT OF THE FINANCIAL CRISIS ON SMALL AND MIDDLE ENTERPRISES IN ROMANIA. THE DIFFERENCES BETWEEN URBAN AND RURAL EVOLUTIONS Global Economic Observer economic crisis economic growth business |
| title | IMPACT OF THE FINANCIAL CRISIS ON SMALL AND MIDDLE ENTERPRISES IN ROMANIA. THE DIFFERENCES BETWEEN URBAN AND RURAL EVOLUTIONS |
| title_full | IMPACT OF THE FINANCIAL CRISIS ON SMALL AND MIDDLE ENTERPRISES IN ROMANIA. THE DIFFERENCES BETWEEN URBAN AND RURAL EVOLUTIONS |
| title_fullStr | IMPACT OF THE FINANCIAL CRISIS ON SMALL AND MIDDLE ENTERPRISES IN ROMANIA. THE DIFFERENCES BETWEEN URBAN AND RURAL EVOLUTIONS |
| title_full_unstemmed | IMPACT OF THE FINANCIAL CRISIS ON SMALL AND MIDDLE ENTERPRISES IN ROMANIA. THE DIFFERENCES BETWEEN URBAN AND RURAL EVOLUTIONS |
| title_short | IMPACT OF THE FINANCIAL CRISIS ON SMALL AND MIDDLE ENTERPRISES IN ROMANIA. THE DIFFERENCES BETWEEN URBAN AND RURAL EVOLUTIONS |
| title_sort | impact of the financial crisis on small and middle enterprises in romania the differences between urban and rural evolutions |
| topic | economic crisis economic growth business |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_023.pdf |
| work_keys_str_mv | AT ionutbusega impactofthefinancialcrisisonsmallandmiddleenterprisesinromaniathedifferencesbetweenurbanandruralevolutions |