Summary: The article focuses on the innovative activity of small and medium-sized enterprises and on their role in the economy of Latvia. Despite the economic growth, which has been observed in the national economy during recent years, the innovative activity of most enterprises remains rather low. The transformation of the Latvian economy in the context of modernization implies the increase in its competitiveness on the European and global markets and therefore leads to the increase of the role of SMEs.
Summary: This Paper has a two-fold purpose: 1) to explore the abstract and theoretical principles of the classical and neoclassical economic theory to the notion of the economic growth under the terms and conditions of the technological progress; 2) to try to apply these provisions with national economic practice of modern Ukraine.
Summary: The material put its focus on:
• How India (as EU’s strategic partner) and her SME-s1 are looking into this opportunity to expand into European (including the fast growing Eastern regional) markets of Industrial Technology & Engineering
• The prime indicators from HannoverMesse2 2006 - “The case of Germany”: Doorstep to Europe’ for expanding the base of industrial manufacturing and technology collaborations rapidly.
