Table of Contents
Economics Research International
Volume 2014 (2014), Article ID 407375, 9 pages
Research Article

The Collaboration of SMEs through Clusters as Defense against Economic Crisis

Department of International and European Studies, University of Macedonia, 156 Egnatia Street, 54006 Thessaloniki, Greece

Received 24 May 2014; Accepted 9 July 2014; Published 24 July 2014

Academic Editor: Junsen Zhang

Copyright © 2014 Ioannis Makedos. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


The aim of this paper is to present the realistic solution to the survival problem that SMEs have during the economic crisis. The role of SMEs is very important in the development of the regional and national economy of each country, particularly for small countries like Greece. On the other hand, universities also play a significant role in the national economy, since they provide Know-How and important research in the SMEs. Nevertheless, due to their small size and financial weakness, especially on the grounds of economic crisis, SMEs would not be able to cover on their own the cost of purchase of university research. The author of this working paper suggests the collaboration of SMEs in the form of clusters so as to be able to self-fund and absorb university Know-How at the same time.