CHAPTER 1

Introduction and Overview

Small and medium-sized enterprises, commonly known as SMEs, have for quite some time been acknowledged as the motors of monetary development and advancement. Why? This is due to the effect of SMEs on worldwide economy and the significant role they play in the structure of the general public, which is liberated from neediness. They provide sufficient openings for work to the different sectors of the general public. Technology as well as SMEs assume a significant role in worldwide economy. We put great emphasis on the foreign direct investment (FDI) of small technology-based firms and how their innovations diffuse into the global economy.

The question is how economic action is affecting the direction of globalization. ...

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