Economic crisis

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Economic crisis (152)
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Economic system (50)
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Economics (771)

Synopsis: Entrepreneurship: Economics: Economics: Economic crisis:

To face the economic crisis, cities and territories have to optimize their functioning and reduce their costs.

The economic crisis is affecting national and European funding; the applicants are encouraged to supplement two-thirds of the overall budget by private ones;

â€oethe current economic crisis has brought the interplay between innovation and jobs. Countries badly need innovation-driven productivity gains to grow out of debt,

and to comment on the influence of the recent economic crisis on them. It has a descriptive character, offering a general image of innovations in Romanian SMES, ending with a couple of advices for policy and organisational decision making.

The Romanian economic context †economic crisis and effects Romania was and still is influenced by the economic evolutions at the world level.

The economic crisis that hit the world in 2007 was also felt by the Romanian economy,

In an unstable international economic context, the first obvious sign of the economic crisis were felt in Romania in 2009,

Due to the economic crisis the level of economic activity diminished in Romania in the last years and SMES had to adapt their level of business to the market conditions from both the internal and the external markets.

as in the last years, hit by the economic crisis many SMES went from the medium to small size due to the decrease in the number of employees.

However, starting 2007/2008 †once the global economic crisis had begun †the trend towards introducing new technologies decreased.

illustrating the negative influence of the economic crisis on innovative activities in Romanian SMES. Other negative tendencies include the doubling of the percentage of SMES that have not conducted innovative activities at all,

who are focused more on short term survival rather than innovating in a period of economic crisis. The level of investment in innovative activities illustrates the propensity towards implementing organizational changes that would sustain the future growth of the organization.

This trend is attributable also to the economic crisis. On overall, in the analyzed period, the percentage of SMES investing g highly in innovations is small

not only as fallout of the economic crisis, but also as potentially improved internal communication and business mechanisms within the company.

The economic crisis had a negative impact on them in the last few years. Investments for innovations decreased in time in SMES,

especially since the economic crisis reached Romania as well, which ended up in 2011 with almost half of SMES without any investible surplus at all for innovations. c) innovations decreased in the last few years in Romanian SMES.

as a country affected by the economic crisis much like the whole Europe and the practically the entire globe world, is seen also as having negatively impacted SMES€ activity

since the start of the economic crisis with more than 35%of SMES not being involved at all in innovative activities after 2009. b) in spite of the generally decreasing trends in innovative activities in SMES,

b) as one way to better cope with the economic crisis, by assimilating cheaper ways of doing business.

and economic crisis since it is clear that policies enabling innovation in new and small businesses will have benefits not just for improving products

But state budgets are not keeping pace with the growing needs and expectations, particularly with the consequences of the global financial and economic crisis,

Furthermore, the process of creative destruction is pronounced most in periods of economic crisis and recovery, as the global economy is 1. INTRODUCTION SMES,

The current economic crisis has weakened the financial health of many small and medium-sized firms (SMES), especially in industries in which foreign,

The current economic crisis has weakened their financial health, especially in industries that are globalizing rapidly. These changing market conditions force them to look for new ways to differentiate their products

Ireland needs jobs and industry in order to grow its way out of our economic crisis. Make no mistake;

And we are setting a goal to bring employment to 2. 1 million by 2018 †2 years earlier than our original target †effectively restoring all jobs lost during the economic crisis.

Beyond this, we need to set an even more challenging goal for the country †we want to replace all of the jobs lost during the economic crisis

The economic crisis has presented significant challenges across enterprise in Ireland, but for SMES in particular the issue of late payments is of critical concern.

since 2010, tackling barriers to investment in high growth sectors is vital to support real and sustainable productivity growth leading to increased employment. 102 The ramping up of world trade as we emerge from the global economic crisis presents the potential

G#3v 2346 Economic crisis 0#4#economic crisis Economic crisis G#3v 2347 Economic downturn 0#4#economic downturn Economic downturn

G#3v 2348 Economic growth 0#4#economic growth Economic growth G#3v 2349 Economic policy 0#4#economic policy Economic policy

The context of the first call in 2003 was a deep social and economic crisis at the

of the economic crisis as people need to earn as much as they can at this time, so are deterred

x The economic crisis in 2007-8 made people look at the assets they owned and how to

conditioned by the current economic crisis and the subsequent budgetary restrictions all the actors involved are convinced that these strategic agreements have enormous

The current situation of economic crisis and public spending restrictions requires appropriate, effective and efficient economic policy measures.

International competition and the economic crisis require companies to rethink their competitive strategies, particularly as regards technological

In the present context of severe economic crisis and high unemployment, it is particularly important to improve employability as a way of working towards a change to

of economic crisis -the valuable work done by Europeana, by the Member States†institutions and national

especially in view of any past or future economic crisis At European level, finance is provided by a balanced mix of financing mechanisms:

In addition to the protracted economic crisis from which many countries are still trying to recover, a troubling trend has emerged that experts call the skills mismatch.

economic crisis started. 26 2. 4 Regional trends: Developing countries The labour market in the developing world is highly diverse

Taking into account the financial and economic crisis which has accentuated the gap be -tween the important long-term returns on human capital and social investments on the

y The economic crisis in Europe. has done the European union enough to solve the crisis? Do citizens believe that Europe is part of the problem or part of the solution

The economic crisis has led to profound changes in the eco -nomic, political and social situation in the EU and in its Member States.

-pectations of citizens on the financial and economic crisis, on citizens†rights and on the future of the Union by 2020.

economic crisis which hit Spain disproportionately, the regional economy of Andalusia has faltered badly with sharp drops in both gross domestic product (GDP) and employment

Andalusia†s European economic identity mirrored that of Spain just before the economic crisis as the nation began an impressive catch up race with its more prosperous European counterparts

The recent economic crisis has struck Spain severely, and Andalusia has been no exception Whilst between 1997 and 2007 regional employment had increased at an annual rate of 6. 6%,higher

During the recent economic crisis, Andalusian universities have seen enrolment increase by over two percent In addition, the changing demographic structure in the region has affected labour market

During economic crisis, it is particularly important to stimulate business to create more jobs. RETA might help the regional

certainly not been spared from the economic crisis. The construction and real estate sectors have been severely affected, and so as has agriculture and, to a lesser extent, tourism.

The recent economic crisis has made things worse, striking Andalusia harder than the rest of Spain, which has been in itself severely hit by recession

the current economic crisis, as it is widely viewed as a key aspect of economic dynamism. It is acknowledged that economic crises are historically times of industrial

environment of the economic crisis in which our research is inserted. It would be explained by a stochastic factor, namely,

the economic crisis from 2008 on, and it would be reflected in the growth rates presented by SMES.

economic crisis and so on Returning to our research questions and aims stated in Section 1, the first objective

with the situational uncertainty and the current economic crisis, large economies are facing difficulties due to recessions in their domestic markets.

With the economic crisis in Europe and the US, activities for incremental innovation are located increasingly close to the more dynamic

With the economic crisis, outward foreign direct investment flows of European firms have reached the level of FDI flows inside the European union

economic crisis. Technology production in the US when measured in PCT patent applications, was more heavily affected by the economic crisis, although

there has also been a clear recovery trend since 2010 Even though both the EU and the US have increased

2009, and hardly any has considered systematically the impacts of the economic crisis, which further limits the accuracy of market forecasts

arrive at global sales (prior to the economic crisis of 2009) of more than 150 billion When growth in the different subfields is analysed, the compound annual growth rate ranges

despite some set-backs arising from the global economic crisis. Gartner predicted that the global outsourcing industry would see a 10-15 percent annual growth over

global economic crisis, rising concerns about the sustainability of sovereign debt in Greece and a number

Following a protracted economic crisis, Ukraine bounces back to 73rd position in this year†s GCI. The

financial and economic crisis in recent years. GDP growth slowed down to 2. 3 percent annually in 2010 and

from the global economic crisis, when GDP growth dropped to 2. 8 percent in 2009. These developments

crucial part of Europe's response to the economic crisis. So is having a strategic and integrated

critical in the current economic crisis where public and private financial resources are scarce The smart specialisation concept therefore promotes efficient, effective and synergetic use of

Exiting the economic crisis and achieving the employment and growth targets of the Europe 2020 strategy requires a competitive industry that builds its competitiveness on innovation in

EU Research and Innovation can help to exit the current economic crisis With an ageing population and strong competition from emerging economies, Europe†s future economic growth and job

Exiting the economic crisis and achieving the employment and growth targets of the Europe 2020 strategy requires a competitive industry that builds its competitiveness on innovation in

However, the global economic crisis had a rapid and significant negative impact on innovation worldwide. OECD figures reveal7 that total OECD-area business expenditure on research and

problem is particularly urgent in a period of economic crisis and shortage of bank loans to industry, as

and economic crisis, including the current euro debt crisis, the concept of smart specialisation has found an echo in the OECD discussions on

The current economic crisis and more recently the euro debt crisis, has increased pressure on OECD governments to tackle longstanding structural problems in their economies.

The current economic crisis and more recently the euro debt crisis, has increased pressure on OECD governments to tackle longstanding structural problems in their economies.

continuity of the economic crisis may pose to the economic sustainability of the Basque Innovation System

Tambunan, T."The Impact of the 2008-2009 Global Economic crisis on a Developing Countrry's Economy:

As Europe emerges from the economic crisis, it faces continued challenges but also opportunities. With its financial system stabilized, Europe†s central economic challenge

overcome the current economic crisis and grasp new opportunities. Innovating in education and training is a key priority in several flagship initiatives of the Europe 2020 strategy

Since 2008, the European union faces the phenomenon of economic crisis within its Member States. The crisis is global

resulting from the economic crisis The review demonstrated that much had been done but that there was still room for improvement concerning tailor-made policy for SMES.

response to the economic crisis. It is considered also to be of vital importance to have a strategic and integrated approach

increase significantly, even in the context of the actual economic crisis. In 2013,30%of people living in

grow substantially, even in the current economic crisis. It plays an important role in B2b exchanges as 27%of European enterprises purchase online and 13%sell online.

global economic crisis (16 Particularly, Chile achieved such growth despite the magnitude 8. 8 earthquake that struck the nation on

The current economic crisis has weakened their financial health, especially in industries that are globalizing rapidly. These

The current economic crisis has weakened their financial health, especially in industries that are globalizing rapidly. These

The current economic crisis hit the US, home to many big young global leaders worse than many European countries which are home to hidden champions

114 In light of the economic crisis, Singaporean business associations started the Financial Facili -tator Programme (FFP) in January 2009, vigorously supported by the SPRING Singapore programme which

-sion during the economic crisis, it has one of the world†s highest shares of R&d in GDP,

-tiveness Index of 2010, is heavily suffering from the economic crisis and the 2011 Earthquake, and

In order to mitigate the negative effects of the economic crisis and to increase employment, the government recently introduced several new programmes and activities

2009 may indicate a decline caused by the worldwide economic crisis Exhibit 5-4: Development of the venture business in Korea 1998-2008

-ery from the word-wide economic crisis to the numerous opportunities SMES have been pro -vided with, there are no evaluation studies available that could substantiate the impacts of the

In light of the economic crisis, Singaporean business associations started the Financial Facilitator Pro -gramme (FFP) in January 2009.

The current economic crisis hit the US, home to many big young global leaders worse than many European countries which are home to hidden champions

114 In light of the economic crisis, Singaporean business associations started the Financial Facili -tator Programme (FFP) in January 2009, vigorously supported by the SPRING Singapore programme which

-sion during the economic crisis, it has one of the world†s highest shares of R&d in GDP,

-tiveness Index of 2010, is heavily suffering from the economic crisis and the 2011 Earthquake, and

In order to mitigate the negative effects of the economic crisis and to increase employment, the government recently introduced several new programmes and activities

2009 may indicate a decline caused by the worldwide economic crisis Exhibit 5-4: Development of the venture business in Korea 1998-2008

-ery from the word-wide economic crisis to the numerous opportunities SMES have been pro -vided with, there are no evaluation studies available that could substantiate the impacts of the

In light of the economic crisis, Singaporean business associations started the Financial Facilitator Pro -gramme (FFP) in January 2009.

Summary of OECD Roundtable on responding to the economic crisis: Fostering industry restructuring and renewal, Paris 1 april

POLICY RESPONSES TO THE ECONOMIC CRISIS: Investing in innovation for long term growth. June 2009. Report proceeded by the Innovation Strategy Portal www. oecd. org/innovation/strategy/portal

•Cuts in R&d funds and investment due to the global economic crisis •Cuts in Education/training funds/investment due to the global

economic crisis •Emigration of talented and highly qualified personnel •International and National Financial uncertainty

crucial part of Europe's response to the economic crisis. So is having a strategic and integrated

critical in the current economic crisis where public and private financial resources are scarce The smart specialisation concept therefore promotes efficient, effective and synergetic use of

Ireland has been left with significant challenges following the economic crisis. The economy is estimated to have shrunk in GNP terms by almost 18 per cent over the period 2007-2012 with

Ireland has been left with significant challenges following the economic crisis. The economy is estimated to have shrunk in GNP terms by almost 18 per cent over the period 2007-2012 with

the economic crisis, the level of funding plummeted to around 0. 3%of the GDP. Business

However, funds were slashed soon after the onset of the economic crisis. Around a third of the projected RDI budget was disbursed actually.

for the construction sector have decreased steadily since 2008 as a result of the economic crisis. As a result of the retrenchment in private sector investment,

â€oeict and the Global Economic crisis: Current Situation and Future Perspectives†3-5 may 2010 Geneva, Switzerland

1. The global economic crisis and ICT The financial crisis has affected not only financial institutions but also governments at all levels, companies and consumers throughout the world

In these challenging times of global economic crisis, the extraordinary capacity of ICT to drive growth

economic crisis by creating jobs. Although the broadband infrastructure in Romania is developed well in major cities due to private investment,

affected by the economic crisis, with a rate of 19.7%in 2012. Although it is a negative indicator, the value remains

but during the past 3 years the economic crisis had a dramatic impact on this indicator, and

relevance to the recovery from the global financial and economic crisis since it is clear that

the consequences of the global financial and economic crisis, which has opened up a gap for the entrepreneurial supply of social goods and services

most pronounced in periods of economic crisis and recovery, as the global economy is SMES, ENTREPRENEURSHIP AND INNOVATION Â OECD 201038

enhancing the resilience of Indonesia†s SMES, faced with the economic crisis of 1998 and the financial

economic crisis †and a renewed or new approach, not only to the new social challenges but

â€oethe financial and economic crisis makes creativity and innovation in general and social innovation in particular even more important to foster sustainable growth

as a response to the economic crisis. EUR 35 billion will be invested by the state and it is

economic crisis hit vulnerable people particularly hard. Unemployment is acute among young people. Over one in two people aged 15†24 are out of work in Spain and Greece

The Cultures of the Economic crisis Oxford university Press: Oxford, UK 2. TEPSIE, †Doing Social Innovation:

The Case of the Economic crisis and the New Economy, TRANSIT working paper, TRANSIT: EU SSH. 2013.3.2-1 Grant agreement no:

The financial and economic crisis makes creativity and innovation in general and social innovation in particular even more important to foster sustainable growth

has suffered the worst financial and economic crisis in decades with unemployment set to rise to double digit figures by 2010.

current financial and economic crisis makes social innovation more important than ever, both as a component of economic strategies to build Europe†s

The financial and economic crisis together with these social challenges forms the backdrop to current discussions about building on the achievements of

worst economic crisis since decades. After the first four years of the strategy the need for

Increased demand for collateral after the economic crisis restricts access to bank loans for entrepreneurs The European Small Business Finance Outlook 2013 and

the financial and economic crisis continues to impact capital supply by influencing financing conditions. In particular greater demand for collateral by banks has made it more

Diedrichs, E. 2013), Do SMES lose their appetite for innovation during the economic crisis? Blog on Innovationmanagement. se

-lasting financial and economic crisis of the last 80 years. However, this resurgence is moving at a less

emerging from the worst financial and economic crisis of the past 80 years and returning to a pre-crisis situation

recent economic crisis has highlighted the high degree of interdependence of economies worldwide and the degree to which growth depends on open markets

The financial and economic crisis has highlighted the central role of a sound and well-functioning financial

and economic crisis. Moreover, and perhaps more importantly, Sweden has managed to create the right set of conditions for innovation and unsurprisingly scores

economies drove growth throughout the economic crisis. In 2009†the worst year of the crisis†the combined GDP of

worst financial and economic crisis the world has seen in decades. But current economic growth needs to be strengthened

worst financial and economic crisis of the past 80 years behind. Developed economies need to sustain

economic crisis at that time. Since then, the active role of all stakeholders†government, businesses, and individuals†has resulted in the positive outcome we see

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