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Books > Business & Economics > Business & management > Ownership & organization of enterprises > Small businesses & self-employed
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Small and Medium-sized Enterprises in the Global Economy (Hardcover)
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Small and Medium-sized Enterprises in the Global Economy (Hardcover)
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Entrepreneurship and globalization are two much-examined forces as
we enter the new millennium--yet very little has been published on
the intersection of small and medium-sized enterprises (SMEs) and
the global economy. To close the gap, this volume delves into the
intricate roles and consequences of such businesses on both global
and domestic economies.
The first part of the volume provides an overview of the phenomenon
of globalization, arguing that entrepreneurial discovery and
technological change lead to globalization, which in turn leads to
further opportunity for entrepreneurial discovery--no less for SMEs
than for multinational corporations. In part two, the essays
examine the role of SMEs in the global economy and why they are
thriving. Part three reviews the roles of SMEs and innovators and
examines their roles in direct foreign investment. Part four
explores the role of technological diversity and knowledge
spillovers as a way to explain the superior innovative performance
of SMEs. Part five looks at the role of SMEs in technology
transfer. Finally, part six examines the theoretical and policy
implications of the international activities of SMEs, suggesting
that policies should aim to reduce the costs in international
expansion for SMEs.
This volume will provide the foundation for further study in SMEs
and globalization. It will appeal to scholars and students in both
international business and economics.
Zoltan J. Acs is Professor of Economics and Finance, University of
Baltimore. Bernard Yin Yeung is Professor of International
Business, University of Michigan.
General
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