Be More Medium-sized!
New data from 15.000 European manufacturing companies shows that export performance, foreign direct investment and outsourcing are crucial to growth in the post-crisis world economy. Bruegel, the independant Brussels-based think tank, has just published first results from their vast study in seven countries that have been at the core of IBT Partners’ activities for many years: France, Germany, the United Kingdom, Italy, Spain, Austria and Hungary.
The starting point of the study was a simple question : how come there is so much difference in trade perfo
To take just one example : Small firms, frequently the backbone of European economies, are increasingly unable to overcome the fixed costs of global operations. Medium-sized firms are much better off. This puts considerable demands for the right structural changes – not only on policy makers, but also on management.If the industrial structure (in terms of firm size and sectors) of countries like Italy and Spain were to converge with the structure of Germany, writes Bruegel, the value of the exports from those countries would rise by 37 and 24 percent respectively.
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