Knowledge based Economy
– Factors which determine SME’s placement as the first
priority of the international economic development -

Author: Ovidiu NICOLESCU
Published in: Vol.4 / 2003

      The article deals with one of the most important topics for the economic and social development of a country, that is the amplification of SME’s role within knowledge based economy. Recent studies have proved the start-up and development of a new type of SME’s, knowledge based companies, which are those companies that incorporate high technology, work with few persons, but with high level of professional training and that are very dynamic. For Central and Eastern Europe countries, the SME’s can represent one of the determinant factors for reducing the gap between them and advanced economic and technological countries, and to favor their integration into a harmonious global economy.