CHAPTER 2

New Global Economy and SMEs

Introduction

Nowadays, global economy encourages limited-sized enterprises through providing new opportunities for further expansion and development. Proving to have an impact on all economic activities is necessary for business survival in the global market. Hence, SMEs are directing their business onto the internationalization concept to achieve competitiveness in the global market in addition to overcome their limitations. Turning the business scope from a closed market to a global market is crucial to compete in the business field taking into account the obstacles that SMEs face as an exporter or direct investor and how to overcome those obstacles. As a consequence, this chapter handles how successful ...

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