Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/39307
Title: Surviving the competition : small business in Malta
Other Titles: Competing strategies of socio-economic development for small islands
Authors: Briguglio, Lino
Keywords: Small business -- Malta
Small business -- European Union countries
Competition -- Malta
Malta -- Economic conditions
Economic development -- Malta
States, Small
Issue Date: 1998
Publisher: Institute of Island Studies, University of Prince Edward Island
Citation: Briguglio, L. (1998). Surviving the competition: small business in Malta. In G. Baldacchino, & R. Greenwood (Eds.), Competing strategies of socio-economic development for small islands (pp. 119-133), [An Island Living Series; V. 2]. Charlottetown: Institute of Island Studies, University of Prince Edward Island.
Abstract: The performance of small firms is crucial for the overall growth and development of many economies. In the European Union, small- and medium-sized enterprises (SMEs) account for about 95 per cent of the firms, and together they provide more than two-thirds of total employment. In a small economy such as Malta's, the majority of firms tend to be very small, and perhaps the term micro-firm would be appropriate to the typical firm in Malta. There is, at present, a feeling of unease regarding the long-term survival or otherwise of small firms in this intensely competitive setting, since a sizeable proportion of them can only operate profitably behind a wall of protection. At the same time, the firms that have succeeded, and will succeed in meeting the competitive challenge, will not only be ensuring a profitable existence for themselves, but will also help to improve the standard of living of the Maltese population to levels experienced in Europe.
URI: https://www.um.edu.mt/library/oar//handle/123456789/39307
ISBN: 0919013236
Appears in Collections:Competing strategies of socio-economic development for small islands
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