The sector of micro enterprises and small and medium-sized enterprises, i.e. SMEs in contemporary economies of developed countries, usually has a particularly important role for the effective development of the national economy.
Usually about 90 percent. or more economic goods, income etc. is created in this sector. The share of this sector in the Gross National Product of the domestic economy is similar.
But this situation is not identical in every country. In addition, the growing importance of cross-border trade and capital transfer can change the importance of this sector in modern economies.
This is mainly due to the growing importance of supranational large corporations and financial institutions, including banks and investment funds.
These large industrial, service, commercial and financial corporations are a particularly important factor in contemporary globalization processes.
In view of the above, I would like to ask you: Does the share of the SME sector in your country increase or decrease in the domestic economy as a result of globalization processes?
Please, answer, comments.
I invite you to the discussion.
Dear Friends and Colleagues of RG
The issues of globalization of financial and banking systems are described in the publications:
Article CURRENT AND HISTORICAL DETERMINANTS OF GLOBALIZATION PROCESSES
Article Globalization and the process of the system and normative ad...
Article THE DEVELOPMENT OF THE BANKING SYSTEM IN POLAND DETERMINED B...
Article Adjustment of Polish banks to international standards as a f...
Article THE IMPORTANCE OF ECONOMIC GLOBALIZATION IN THE CONTEXT OF T...
Article Social and economic determinants of the processes of economi...
I invite you to discussion and cooperation.
Best wishes
our economy is almost dependent on foreign aid, high import, low export etc
Hello! I am from Bosnia and Herzegovina. Our economy is still in transition process who began during 1990s. During this period we lost almost all our big company who were sold or privatized and we got a lots of small companies. Today, we usually have a small companies, mainly in trade sector. So, my answer is that during the globalization, if we observed period form 90s until now, the share od SME in my country is increase.
Regards,
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