42 The Romanian Economic Journal Year XXI no. 70 Special 20 th Anniversary Issue December 2018 The Impact of Globalisation on Small and Medium Enterprises: The Romanian Experience Mihaela Gabriela Belu 1 Ioan Popa 2 Radu Filip 3 Abstract The internationalization- as a process which evolves over time, on a world scale- has, as a premise, objectives due to the overall development of the business environment under the influence of a complex interplay of technological, economic, political and cultural factors. The globalisation represents a higher stage of the historical process of the internationalization, evolving under the conditions of the international affirmation of the economic agents -firms, states, economic entities – and of some supported regional integration processes. A thesis which is widely shared posits the idea that the globalisation is vigorously promoted and those who take advantage first are the great corporates, before the transnational companies. In this work, we try to identify the effects of the globalisation – in fact of what we might call the triple revolution with impact upon the global economy – upon the Small and Medium-Sized Enterprises, and the way in which the SMEs have adapted to the current challenges. Keywords: globalisation, SME, internalization of SMEs JEL Classification: F60 ; F23; L21 1. Introduction The trends on the global scale, in the final decades of the last century and at the beginning of the 21st century – globalisation, informatization – marks the transition 1 Professor PhD , The International Business and Economics Department, The Bucharest University of Economic Studies, Bucharest, Romania, belumihaela@gmail..com 2 Professor PhD, The International Business and Economics Department, The Bucharest University of Economic Studies, Bucharest, Romania, ioan.popa.rei@gmail.com.com 3 Associate Professor PhD, The International Business and Economics Department, The Bucharest University of Economic Studies, Bucharest, Romania, radu.filip@rei.ase.ro