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- W2788883255 abstract "The recent economic crisis has revealed that large sized firms like Multinational companies (MNFs) acting onto more national markets, have tolerated the impact of the crisis better than the small and medium ones (SMEs) as well as the countries having a continental dimension -like China and Indiathat have absorbed the negative effects of the same crisis in a shorter time. According to a lot of researchers China and India are experiencing their increasing step of the economic growth cycle that was just experienced by European countries in the past; thus confirming the well known theory of “the stages of economic growth”: nothing seems new in the China and India economic dynamic. Nevertheless we must recognize that the growth of these countries has some features in common, characteristics that the European countries never had in this stage (in addition to the continental size of the mentioned countries): first of all the duration of growth; secondly the financial size of a lot of single companies; third the worldwide diffusion of the main companies as well as a lot of SMEs; finally the contents of knowledge and technology of production process. These aspects clashes with the most well known theories of growth. The growth experienced by the different European countries was and is country-based, in spite of the implementation of an over-national economic area and the enlargement of the UE. The components of the European economic system have the same evolution: small countries, small companies, small financial and real assets, low capacity to produce innovation and absorb technology; that is why the European Union does not have a continental economy but a multinational one." @default.
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- W2788883255 date "2010-01-01" @default.
- W2788883255 modified "2023-09-24" @default.
- W2788883255 title "Could the aeronautics-aerospace industry renovate the 'poles of growth' model as a path of local development?" @default.
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