Support of SMEs Exports in USA and EU

510
DOI: 10.20542/0131-2227-2015-6-39-47

T. Urumov, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (spikeron@yandex.ru)

Abstract. The article is devoted to consideration and comparative analysis of the governmental support to small-medium enterprises’ (SMEs) export activities in the USA and the leading countries of the European Union such as Germany, France and United Kingdom. This question deserves to be considered because of a number of reasons. Support of exporting activities helps small and medium enterprises to increase their presence in the foreign markets, to find new business partners, and to develop deeper forms of economic interaction. State support is very important especially for those SMEs which either are not very experienced in exporting activities or just enter into the new foreign markets. The author analyses the most important features and particularities of SME’s exporting activities’ support in the countries under consideration. It is pointed out that in the USA there are at least five official institutions that provide a wide  range of support to SMEs’ exporting activities. US government pays a lot of attention to enterprises which are only going to enter foreign markets mainly through pre-export support and short-term crediting. According to the author’s conclusions, the European approach to support of SMEs’ exporting activities is somewhat different. Each European country has also several institutes that provide such support. The main point is the priority of the innovative component in the exporting activities of SMEs and of stimulation their technological development. Finally, the author proposes a comparative analysis of forms of SMEs’ export support. Two principal models of national systems of support to SMEs’ exporting activities are described.

Keywords: export support, small and medium enterprises (SME), USA, EU, United Kingdom, France, Germany


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For citation:
Urumov T. Support of SMEs Exports in USA and EU. World Eonomy and International Relations, 2015, no. 6, pp. 39-47. https://doi.org/10.20542/0131-2227-2015-6-39-47



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