Abstract
This paper explores the characteristics of high-quality manufacturing SMEs in Gelderland (the Netherlands) and the challenges they face in today's digitally driven 'fourth industrial revolution'. The paper shows that, as a rule, these companies act as a kind of silent power for the region in which they are based: they have strong local roots, but thanks to their narrow focus they operate on global markets. Major concerns for the manufacturing SMEs in Gelderland are the shortage of qualified technical staff, spatial bottlenecks at the business location as well as cost and risk issues related to smart industry investments. With the help of a 'new industrial policy' that is partly aimed at correcting 'transformation failure', it is argued that regional government can give manufacturing SMEs and their localities a helping hand.
| Original language | English |
|---|---|
| Pages (from-to) | 157-175 |
| Number of pages | 19 |
| Journal | Ekonomiaz |
| Volume | 95 |
| Issue number | 1 |
| Publication status | Published - 1 Jan 2019 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 9 Industry, Innovation, and Infrastructure
Keywords
- Firm behavior
- Industrial policy
- Manufacturing
- SMEs
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