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Economics - Economic Policy | The Economics of Small Businesses - An International Perspective

The Economics of Small Businesses

An International Perspective

Calcagnini, Giorgio, Favaretto, Ilario (Eds.)

2011, XXVI, 219 p.

A product of Physica Verlag Heidelberg
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  • Provides an international perspective on small businesses
  • Underlines characteristics and differences across countries and regions
  • Analyses the specifics of small business in the presence of financial market imperfections
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.

Content Level » Research

Keywords » Financial structure - Firm-bank relationship - Innovation - Small Businesses

Related subjects » Economic Policy - Regional / Spatial Science

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