Comparative Analysis of Supporting Small and Medium Enterprises for Enhancing Created Added Value in the EU and China
DOI:
https://doi.org/10.17059/2019-1-20Keywords:
national economy, china, EU-countries, Small and Medium-sized Enterprises (SMEs), global value chains (GVCs), added value, business support measures, cooperation, comparative analysis, innovationAbstract
Considering that Small and Medium Enterprises (SMEs) play a significant role in the economy of country and taking into account the changes in the modern world economy, we investigated the problem of increasing the SMEs’ contribution into national economy by using new opportunities of business environment. The problem can be solved through the participation of SMEs in the links of the global value chain with high added value. However, it is necessary to find new instruments for SMEs’ support. The study is aimed at discovering relevant SMEs support tools focused on increasing the added value. The research is based on content and comparative analysis of the European Union and China experience using the material from the European Commission reports, national programs of European countries and China. The research terminology and analysis algorithm were refined. The set of new tools of SMEs support is presented in the context of groups and national characteristics. In European countries non-financial tools dominate among state support forms. They include creating special niches for small enterprises in the global value chain and giving SMEs access to the national supply base. In China non-state support forms dominate with a larger share of financial tools, including the provision of resources by participants of the value chains within regional integration associations, by financial units of large companies. The research results are addressed to the representatives of SMEs, large companies, public authorities.References
Berisha, G. & Shiroka Pula, J. (2015). Defi ning Small and Medium Enterprises: a critical review. Academic Journal of Business, Administration, Law and Social Sciences, 1(1), 17–28. Retrieved from: http://iipccl.org/wp-content/uploads/2015/03/Ajbals-17-28.pdf (date of access: 10.08.2018).
Lesakova, L. (2014). Small and Medium Enterprises in the New World of Globalization. Forum Scientiae Oeconomia, 3(2), 111–122. Retrieved from: http://www.wsb.edu.pl/container/Wydawnictwo/Do%20pobrania/lesakova-m.pdf (date of access: 10.08.2018).
Gruzdeva, E. V. (2015). Nuzhno li kreditovat malyy i sredniy biznes v krizis? [Is it necessary to credit SMEs in crisis?]. Ekonomicheskie nauki [Economic sciences], 10(131), 31–33. (In Russ.)
Wignaraja, G. (2013). Can SMEs participate in global networks: evidence from ACEAN fi rms. In: D. K. Elms, P. Low (Eds.), Global value chains in a changing world (pp. 279–313). Switzerland: WTO. Retrieved from: https://www.hse.ru/ data/2013/07/29/1288394998/aid4tradeglobalvalue13_e.pdf (date of access: 20.03.2018).
Shinozaki, Sh. (2015). Financing SMEs in Global Value Chains. In: Integrating SMEs into global value chains: challenges and policy actions in Asia (pp. 66–99). Mandaluyong City: Asian Development Bank. Retrieved from: https://www.adb.org/ sites/default/fi les/publication/175295/smes-global-value-chains.pdf (date of access: 20.03.2018).
Kuzmisin, P. & Kuzmisinova, V. (2016). Small and medium-sized enterprises in global value chains. Economic AnnalsXXI, 162(11–12), 22–27. Retrieved from: http://soskin.info/userfi les/fi le/Economic-Annals-pdf/DOI/ea-V162-05.pdf (date of access: 10.08.2018).
Ali, M. M., Rattanawiboonsom, V., Peres, C. M. & Khan, A. A. (2017). Comparative Positioning of SMEs in Bangladesh, Th ailand and the Philippines. Ekonomika regiona [Economy of Region], 13(2), 381–395. DOI: https://doi.org/10.17059/20172-5.
Liu, X. (2007). SME’ Development in China: A Policy Perspective on SME Industrial Clustering. In: H. Lim (Ed.), SME in Asia and Globalization. ERIA Research Project Report, 5, 37–68. Retrieved from: http://www.eria.org/SME%20 Development%20in%20China_A%20Policy%20Perspective%20on%20SME%20Industrial%20Clustering.pdf (date of access: 20.03.2018).
Tsarev, V. E. & Vershina, D. A. (2015). Gosudarstvennaya podderzka malogo i srednego biznesa: nedostatki i mekhanizmy (State support of small and medium-sized businesses: shortcomings and mechanisms). Molodoy uchenyy [Young scientist], 24, 610–614. Retrieved from: https://moluch.ru/archive/104/24441/ (date of access: 10.08.2018). (In Russ.)
Sibgatulina, A. I. (2016). Gosudarstvennaya podderzhka malogo i srednego biznesa [State Support of Small and Medium Business in Russia]. Ekonomika i menedzhment innovatsionnykh tekhnologiy [Economics and innovation management], 5, 1–5. Retrieved from: http://ekonomika.snauka.ru/2016/05/11420 (date of access: 07.08.2018). (In Russ.)
Grishin, I. A. & Utyusheva, L. D. (2013). Sovremennye tendentsii modifi katsionnoy izmenchivosti regionalnoy sistemy podderzhki malogo i srednego biznesa [Modern Trends of Modifi cation Variability in Regional Support Systems for Small and Medium-sized Businesses]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 3. Ekonomika. Ekologiya [Science Journal of Volgograd State University. Global Economic system], 1(22), 77–84. Retrieved from: URL: https://ges. jvolsu.com/index.php/ru/component/attachments/download/13 (date of access: 07.08.2018). (In Russ.)
Kondratiev, V. B. (2015). Mirovaya ekonomika kak sistema globalnykh tsepochek stoimosti [World economy as global value chain’s network]. Mirovaya ekonomika i mezhdunarodnye otnosheniya [World Economy and International Relations],
3, 5–17. (In Russ.)
Gereffi , G. & Fernandez-Stark, K. (2011). Global Value Chain Analysis: A PRIMER. CGGC Durham: Duke university, 39. Retrieved from: https://unstats.un.org/unsd/trade/events/2016/newyork-egm/documents/background/Duke%20 -%202011 %20-%20GVC_analysis_a_primer.pdf (date of access: 20.04.2018).
Rodionova, I. A. & Shuvalova, O. V. (2018). Globalnye tendentsii razvitiya mirovoi promyshlennosti: monografi ya [Global trends in the development of world industry: monograph]. Moscow: RUDN, 200. (In Russ.)
Volgina, N. A. (2017). Transgranichnye tsepochki stoimosti: istoricheskie podkhody i sovremennye kontseptsii [Crossborder value chains: historical approaches and modern concepts]. In: L. S. Revenko (Ed.), Mezhdunarodnye ekonomicheskie otnosheniya: plyuralizm mneniy v epokhu peremen: kol. monografi ya [International economic relations: pluralism of opinions in an era of change: col. monograph] (pp. 422–428). Moscow: MGIMO-Universitet. (In Russ.)
Harvie, C. & Charoenrat, T. (2015). SMEs and the Rise of Global Value Chains. In: Integrating SMEs into global value chains: challenges and policy actions in Asia (pp. 1–22). Mandaluyong City: Asian Development Bank. Retrieved from: https://www.adb.org/sites/default/fi les/publication/175295/smes-global-value-chains.pdf (date of access: 20.03.2018).
Meshkova, T. & Moiseichev, E. (2016). Analiz globalnykh tsepochek sozdaniya stoimosti: vozmojnosti Forcaita [Foresight Applications to the Analysis of Global Value Chains]. Forsait [Foresight and STI Government], 10(1), 69–82. DOI: 10.17323/1995-459x.2016.1.69.82. (In Russ.)
Sapir, E. V. & Karachev, I. A. (Eds.). (2017). Integrirovanie rossiyskogo regiona v mirovuyu khozyaystvennuyu sistemu:
evolyutsia novykh organizatsionnykh struktur: monografi ja [Integration of the Russian region into the world economic system: the evolution of new organizational structures: monograph]. Yaroslavl: Filigree, 252. (In Russ.)
Wai-chung Yeung, H. (2017). Global Production Networks and Foreign Direct Investment by Small and Medium Enterprises in ASEAN. Transnational corporations, 24(2), 1–42. Retrieved from: http://unctad.org/en/PublicationChapters/ diaeia2017d3a1_en.pdf (date of access: 20.03.2018).
Kurnavkina, N. A. & Filippova, I. A. (2012). Osobennosti razvitiya malogo biznesa v Kitae [Characteristics of the development of small scale business in China]. Vestnik UlGTU [Bulletin of the Ulyanovsk State Technical University], 4, 64–66. Retrieved from: https://cyberleninka.ru/article/v/osobennosti-razvitiya-malogo-biznesa-v-kitae (date of access:
15.12.2018). (In Russ.)
Brykov, B. A. (2017). Vliyanie vneshnikh faktorov na formirovanie modeli kreditovaniya subektov malogo i srednego predprinimatelstva. Zarubezhnyi opyt [Impact of external factors on the formation of credit lending model of small and medium sized enterprises. Foreign experience.]. Rossiyskoe predprinimatelstvo [Russian Journal of Entrepreneurship], 18(13),
2049–2060. Retrieved from: http://elib.fa.ru/art2017/bv1379.pdf (date of access: 20.06.2018). (In Russ.)
Gladkova, V. E., Abdyukova, E. I. & Sysoeva, A. A. (2017) Faktoringovye kompanii v sisteme kreditovaniya rossiyskikh predpriyatiy malogo i srednego biznesa [Th e factoring companies in system of crediting of the Russian enterprises of small and medium business]. Uchenye zapiski Rossiyskoi Akademii predprinimatelstva [Scientifi c notes of Russian Academy of Entrepreneurship], 3(16), 143–156. (In Russ.)
Klyukin, I. N. (2015). Lizing kak eff ektivnyy instrument investirovaniya v malye predpriyatiya (na primere ES) [Leasing as an eff ective instrument of investment in small businesses (examples from EU)]. Sovremennaya nauka: aktualnye problemy teorii i praktiki. Seriya «Ekonomika i pravo» [Modern Science: Actual problems of theory and practice. Series «Law and Economics»], 7–8, 26–29. Retrieved from: http://www.nauteh-journal.ru/ (date of access: 20.03.2018). (In Russ.)
Savchenko, E. O. & Moskaleva, A. A. (2016). Ob istochnikakh fi nansirovaniya malogo i srednego biznesa v Velikobritanii [On funding sources of small and medium-sized enterprises (SME): Th e United Kingdom case study]. Prostranstvo i Vremya [Space and Time], 1–2(23–24), 292–299. (In Russ.)
Li Baoczyan (2015). Rol malogo biznesa v razvitii innovatsionnogo protsessa KNR [Th e role of small business in the development of innovation process in China]. Avtoref. dis. … kand. ekon. nauk [thesis abstract for the degree of PhD in economic sciences]: 08.00.05. M, 2015, 29.
Sturgeon, T. & Kawakami, M. (2010). Global Value Chains in the Electronic Industry: Was the Crisis a Window of Opportunity for Developing Countries? In: O. Cattaneo, G. Gereffi , C. Staritz (Eds.), Global Value Chains in a Postcrisis World (pp. 245–302). Washington D.C.: Th e World Bank. Retrieved from: https://gvcc.duke.edu/wp-content/uploads/ Gereffi _GVCs_in_the_Postcrisis_World_Book.pdf (date of access: 20.03.2018).
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2019 Eva Cihelkova, Irina Nikolaevna Platonova, Elena Dmitrievna Frolova
This work is licensed under a Creative Commons Attribution 4.0 International License.
