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Many smaller companies, being export oriented, have been especially hard hit by the global slowdown.
Yet Britain's economic fortunes are pinned on small, export-oriented enterprises of this kind, often found in unlikely places.
Small, export-oriented British businesses would end up doing the same.If Britain were to join the Norwegian club, though, it would remain bound by virtually all EU regulations, including the working-time directive and almost everything dreamed up in Brussels in future.
For small export-oriented firms, the linkage with other firms is indispensable in nurturing or exploiting opportunities ([Coviello and Munro 1997]; [Kennedy and Keeney 2009]; [McNaughton 2002]; [Yli-Renko and Tontti 2002]).
In a small export-oriented economy like Singapore where you are looking across a whole range of global opportunities for returns, that works.
"They are almost completely export oriented, and that's quite the reverse of the U.S".
"If our cargo capabilities are maxed out," he said, "less attention is paid to expand export oriented, high value manufacturing here".
As far as infrastructure is concerned, improving manufacturing is important and it needs to be export oriented.
South Cambridge has a high proportion of high tech firms that are export oriented and a varied sector mix.
A simple adaptation of the Grubel-Lloyd index that uses net imports (or net exports) provides information about whether an industry is relatively more import oriented or export oriented, not only about whether its trade is balanced.
"Previously," says Free, "the MFG.com platform was only in English and we were only attractive to Chinese companies who were fluent in English and export oriented.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com