Italian banks and business services as knowledge pipelines for SMEs: Examples from Central and Eastern Europe

Abstract

There are few analyses available of the role played by finance and business consultancies in post-socialist economic geographies and even fewer on the internationalization of small and medium-sized enterprises (SMEs). Both issues are addressed in this paper with a focus on Italian banks and business services as well as their relationship to SME outsourcing in Central and Eastern Europe. The basic premise of this paper is that a relationship exists between the internationalization of banks, services, and SMEs when analyzed within the framework of the Uppsala Internationalization Process Model. Specifically, banks and services allow the mobilization of resources forming knowledge pipelines between Italian firms and Central and Eastern European regional economies.