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Romanian SME’s sector trough crisis: the effectiveness of government policies and the present situation

By Sorin Visinescu and Dan Micuda

Abstract

SMEs play a crucial role in modern societies; being regarded as the foundation of a global competitive economy. Entire economic concepts evolved based on the SMEs sector evolution like entrepreneurship, innovation, competitiveness, etc. The current paper is aimed at presenting the current state and role of the SME sector in Romanian economy, in light of the challenges imposed by the global financial and economic crisis and the reaction measures taken (or not taken) by the Romanian authorities.financial crisis, government policies, SME’s

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