SME - BASED APPROACH IN THE CONTEXT OF THE KNOWLEDGE-BASED ECONOMY

SMEs will continue to represent, in the following decades, the most active, dynamic and performant part of a country’s economy. In this respect we have tried an approach of some aspects of extreme importance for the role of the SMEs in Romania in the present economic context of the knowledge-based economy, and we have started by presenting the main advantages and disadvantages of the SMEs in Romania as compared with large enterprises, and later we have analyzed the institutional framework which shall ensure the development and growth of the SMEs, as well as the main factors which influence competitiveness in the current economy.