Hrvatsko društvo ekonomista

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April 2011. ::: Vol.62 No.03-04

Dražen Derado

INSTITUTIONAL CONDITIONS OF SMALL AND MEDIUM ENTERPRISES’ INTERNATIONALIZATION: THE CASE OF THE SPLIT-DALMATIA COUNTY Prethodno priopćenje Recent developments on international market, primarily determined by dynamic technological advance and new consumer preferences, open up new opportunities of business internationalization for small and medium sized enterprises. Furthermore, with globalisation and advanced process of economic integration these developments become inevitable and call for effective economic policy measures aimed at maximising net-benefits. Based on theoretical and empirical inferences on constraints in the development of SMEs, including obstacles to their successful integration on international market, this paper uses the case of the Split-Dalmatia County to discuss the conditions of business internationalization of a regional economy, while showing the importance of good local business infrastructure. The paper proves that in the early phase of internationalization, supporting business services are primarily aimed at creating conditions for growth and development; in a more mature phase, however, improving international competitiveness of local business proves to be a more effective tool for a long-term business internationalization. small and medium enterprises; international trade; revealed comparative advantage; regional economy; Croatia Puni tekst (Hrvatski) Str. 134 - 176 (pdf, 406.13 KB)

INSTITUTIONAL CONDITIONS OF SMALL AND MEDIUM ENTERPRISES’ INTERNATIONALIZATION: THE CASE OF THE SPLIT-DALMATIA COUNTY

Prethodno priopćenje

Recent developments on international market, primarily determined by dynamic technological advance and new consumer preferences, open up new opportunities of business internationalization for small and medium sized enterprises. Furthermore, with globalisation and advanced process of economic integration these developments become inevitable and call for effective economic policy measures aimed at maximising net-benefits. Based on theoretical and empirical inferences on constraints in the development of SMEs, including obstacles to their successful integration on international market, this paper uses the case of the Split-Dalmatia County to discuss the conditions of business internationalization of a regional economy, while showing the importance of good local business infrastructure. The paper proves that in the early phase of internationalization, supporting business services are primarily aimed at creating conditions for growth and development; in a more mature phase, however, improving international competitiveness of local business proves to be a more effective tool for a long-term business internationalization.

small and medium enterprises; international trade; revealed comparative advantage; regional economy; Croatia

Puni tekst (Hrvatski) Str. 134 - 176 (pdf, 406.13 KB)